Turkish Lira Hits New Low as Trump Increases Tariffs

The video discusses the impact of President Trump's tariffs on Turkish steel, highlighting potential contagion effects on European banks and emerging markets. It examines the Euro-Dollar exchange rate, noting low liquidity and technical levels. The discussion also covers market exposure to Turkey and predictions for the US dollar, emphasizing interest rate differentials and emerging market outflows.

What concerns do investors have regarding contagion from Turkey to other markets?

What is the outlook for emerging markets in light of the current economic conditions?