It's morbidly appropriate that just hours after we presented Mark Cudmore's poetic recap why "Turkey's Goose Is Almost Cooked", and shortly after Goldman warned about the risk of imminent flash crashesacross all asset classes, that the Turkish lira, the worst hit EM currency after the Argentina Peso in this growing EM crisis, suddenly flash crashed, soaring 3.
2% just after 6pm ET, its biggest jump since October, to 4.8203, bringing its total drop in the past month to just under 13%.Turkish Lira Flash Crashes
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