SSAs in Turkish lira flurry as investors ‘bet on recovery’

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SSAs in Turkish lira flurry as investors ‘bet on recovery’

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Turkish delight pieces on dark plate over black background | Sebastian Radu/Sebalos - Fotolia

Some investors are betting that the Turkish lira’s plunge against the dollar has gone too far, with several taking positions that the currency will improve by buying MTNs from triple-A rated SSAs.

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