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- USD/TRY seen at 20 in 12M horizon with risks clearly tilted to the upside – Danske Bank
USD/TRY seen at 20 in 12M horizon with risks clearly tilted to the upside – Danske Bank
USD/TRY is set to move higher. Economists at Danske Bank 20.00 in a year.
‘Perfect storm’ looming for Turkey and lira
“The rising stagflation fears combined with tightening financial conditions, negative terms of trade shock, and no signs of a turnaround in domestic economic policies indicate further weakness for the lira.”
“We see USD/TRY at 20 in 12M.”
“Risks are tilted towards even further TRY weakness as the intervention policies, which have supported the currency over the past months, begin to lose steam.”
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