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Bank of International Settlements

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Article Image News Link • Global by Tyler Durdan

Over the past few days, many investors have asked why, with its currency in freefall again as its reserves evaporate, did Turkey take the drastic measure of sending its overnight swap rate above 1,000% in a clear attempt to crush the shorts.

Article Image News Link • Global by Tyler Durden

The Bank of International Settlements is particularly good at two things in its periodic quarterly review update: i) stating the obvious, especially when it comes to summarizing the trader and market participants concerns at any given moment, and ii)