- Analytics
- News and Tools
- Market News
- USD/TRY: “Symbolic forecast” at 30.00 by year-end retained – Commerzbank
USD/TRY: “Symbolic forecast” at 30.00 by year-end retained – Commerzbank
The Turkish Lira appears to be still heavily “managed” by policymakers. Economists at Commerzbank analyze TRY’s outlook.
Credibility a long, arduous process
The Turkish Lira stabilised to some degree after the newly appointed economy management team announced a return to conventional monetary policy and hiked rates sharply. But, despite verbally supporting this tightening, President Erdogan also expresses some contradictory views, which keep the market uncertain about his support.
We retain our USD/TRY forecast for the end of the year at 30.00.
Source: Commerzbank Research
© 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
