Hi guys,
I gave the target of $2.50-2.75 a week or so ago but am not going to pull the trigger yet.
Two reasons for that.
1. I seem to recall that Feb 23 was a key date for the Argentinian debt issues.
2. Further weakness in the gold price will be negative for TRY, although I can't see it going too much lower from here (but who knows?)
So I have my finger on the trigger and am watching closely.
dying
sovereign risk, page-9
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