USD/TRY

In January of 2005, a new version of the Turkish Lira was issued after the previous Lira's value fell so dramatically that the conversion was $1 to 1.5 million TRY. As the economy relies on foreign cash looking to earn short term profits on higher interest rates, any global headwinds and the subsequent risk off environment can lead to massive depreciations of the Lira. Although the nation wishes to join the Euro-Zone, political conditions in Turkey and economic issues in the EU continue to delay the process.


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USD/CZK: The Best Emerging FX Opportunity

Aggressive new Czech QE measures coupled with improving US economic data and the increased likelihood for Fed tapering could soon produce explosive gains in USDCZK.
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USD Business Inventories
m
A: 0.1%
F: 0.2%
P: -0.2%

USD Baker Hughes U.S. Rig Count
m
A: 541
F: 
P: 571

USD NAHB Housing Market Index
m
A: 
F: 60
P: 60

USD Net Long-term TIC Flows
m
A: 
F: 
P: $31.4b

USD MBA Mortgage Applications
m
A: 
F: 
P: 

USD Housing Starts (MoM)
m
A: 
F: 2.5%
P: -2.5%
A: Actual   F: Forecast    P: Previous