Banks Raise Exchange Rate Risk
If you deal in foreign exchange then I have something to tell you.]
The banking sector raised its balance sheet foreign exchange deficits which have increased since the beginning of this year to $7.3 bln at the end of April. This was the highest level reached following the crisis period.
According to data of the Banking Supervision and Regulation Board (BDDK), the deficit in the balance sheet position of the sector increased by $2.002 bln in April.
Whether the news is good or bad depends on your investments. Whatever may be the aftermath just let me know!