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- USD/TRY: Scope for a break above 19.00 by the end of the quarter – Credit Suisse
USD/TRY: Scope for a break above 19.00 by the end of the quarter – Credit Suisse
Economists at Credit Suisse set their end-Q3 USD/TRY target at 19.00 and anticipate a more challenging Q4 for the lira.
Expecting an orderly rally in USD/TRY, for now
“We expect the rally in USD/TRY in the coming weeks to remain relatively orderly. We mark an end-Q3 target of 19.00, which is only slightly above the forward rate.”
“The outlook for the lira looks set to become more challenging in Q4 when the summer-period favourable current account seasonality ends.”
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