This from Business NZ following their manufacturing PMI for July published last week:
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So, right about now there is someone thinking 'Who cares about this???'
And they'd probably be right …
No offence to those following the NZ services PMI intended, but the focus is on the developments in Turkey …. USD/TRY around 6.82 as I post
Earlier:
- Analysts Sunday notes in response to Turkey and sliding TRY
- Turkey bank regulator limits swap transactions
- Communications Director for the Turkish Presidency warns on TRY FX rate
- More on Turkey's fin min saying action to be taken Monday to ease market concerns
- Turkish fin min says will take steps Monday morning to ease market concerns
- (Very) early Asia FX rate indications - eyes on a plunging TRY
- Turkish lira smashed again as trading for the new week begins
- Why the Turkish lira is imploding
Oh, ps. If you missed the chance to mutter 'Who cares???' I'll be back with the New Zealand Food Prices for July (prior +0.5% m/m) in just a moment, K?
:-D