It remains all about FX for January 2014 as V America looks to an IPO

Turkish Airlines (THY) saw its prospects both demise and improve over the past 24 hours as the Turkish lira fell sharply and then rallied against the US dollar after the Turkish central bank raised the weekly repo rate from 4.5% to 10% while the overnight lending rate (top rate) rose to 12% from 7.75%, a rate that was just a few weeks ago sitting at 3.5%. So will THY be able to continue its drive towards an IPO with all this going on in the background in its home market? The answer is of course yes, but the prospects will