Should U.S. Investors Worry About Turkey?
This article was originally published on ETFTrends.com.
By J.P. Morgan Asset Management via Iris.xyz Turkish assets have been under severe pressure, with the Turkish lira depreciating by 42% against the U.S. dollar this year, down 22% this week alone. In addition, year-to-date, local equities are down 19% and the 10 year USD government bond yield is up 309 bps to 8.4% since January [...]