SocGen is closing its short position on the dollar/TL.
Foreks - The French bank has decided to close its short position on the dollar/TL.
While American bank JPMorgan has chosen not to close its short position on the dollar/TL following recent developments, French bank Societe Generale has made the opposite decision. According to Bloomberg, SocGen strategist Phoneix Kalen announced that they have closed their short positions on the dollar/TL.