Turkish investors and Wall Street analysts gathered for a discussion on Wednesday, expecting to hear about Turkey’s improving stability. Instead, they were shocked when the Turkish lira plummeted against the US dollar, triggered by the detention of opposition mayor Ekrem Imamoglu. This unexpected development occurred during a meeting assembled by Deutsche Bank AG and clients including Millennium Partners and Gramercy Funds Management.
Source: https://www.bloomberg.com/news/articles/2025-03-24/wall-street-s-embrace-of-turkey-unraveled-in-just-30-minutes