- Analytics
- News and Tools
- Market News
- USD/TRY: Scope for a break above the 18.00 level in coming weeks – Credit Suisse
USD/TRY: Scope for a break above the 18.00 level in coming weeks – Credit Suisse
USD/TRY rose again above the 17.00 mark on Tuesday. Economists at Credit Suisse continue to see scope for a break above the 18.00 level.
USD/TRY looks set to rally again
“Our base case for USD/TRY remains one of a steady but relatively orderly increase in the foreseeable future as the central bank is forced to adjust the exchange rate while real rates remain extremely negative.”
“We see scope for a break above the 18.00 level in USD/TRY in coming weeks.”
“Ultimately, the main candidate to reverse the upward trend in USD/TRY is an announcement that general elections will be brought forward. This is not our base case for Q3 but it is a scenario that cannot be ruled out completely.”
© 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
