The Turkish Lira ranks amongst the worst performing currencies of 2015 as the most recent election saw a fragmented political process unable to form a ruling coalition. A breakdown in talks between incumbent Erdogan of the AKP party and Kurdish HDP party have led to a surge in violence between the two groups just as Turkey takes the battle to ISIS militants across the border. However, the political insecurity has translated broadly to a net negative situation for foreign investors that are increasingly concerned about the outlook. Aside from the weak political outlook, the Turkish economy remains in a state of stagflation, meaning a high rate of unemployment augmented by high inflation. After the Lira hit record lows yesterday, USDTRY continues to march higher against news of curfews in certain Turkish cities and expectations of further bloodshed as political parties battle for control.