BOOM.
After Turkey's central bank just hiked rates by much more than expected, the Turkish lira is exploding.
Here's a chart of the Euro vs. Turkish Lira. You can see the Lira is exploding higher, by dint of the fact that the Euro is falling so sharply against it. A similar move is happening against the dollar.
This chart is via Michael Hewson:
Image may be NSFW.
Clik here to view.
SEE ALSO: GIGANTIC RATE HIKE IN TURKEY
