- Analytics
- News and Tools
- Market News
- Gaps after the failed Turkish coup
Gaps after the failed Turkish coup
The US dollar strengthened against the yen during the Asian session, as investors sold safe-haven assets after a failed coup in Turkey. USD/JPY pair started the week higher to Y105.70, also slightly stronger were the euro and the pound.
Turkish lira was able to recover a considerable part of the losses incurred on Friday, but analysts say caution about the future prospects of the currency. The coup, though failed, pointed to a serious problem in Turkey, and the reaction of the Turkish authorities involves further risks increasing tensions in relations with the United States. There is no consensus regarding the course of the Turkish lira. Commerzbank believe that USD/TRY from current levels near 2.9696 will gradually return to 2.95, and possibly to 2.90. Goldman Sachs believe that now, when the storm of emotion has passed, investors will be engaged in the revision of its estimates of Turkish assets that are unlikely to be positive for the Turkish currency.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
