- USD/TRY to rise further – Commerzbank
Notícias do Mercado
1 dezembro 2023
USD/TRY to rise further – Commerzbank
Economists at Commerzbank retain their USD/TRY forecast of 35.00 by the end of 2024.
Credibility is a long, arduous process
The Turkish Lira has stabilised to some degree after the newly appointed economy management team continued to implement tough monetary tightening and financial sector reforms. Still, it will take much longer for inflation to return fully to target, hence the market remains uncertain about President Tayyip Erdogan’s support.
We retain a ‘symbolic forecast’ for the USD/TRY pair to rise to 35.00 by end-2024.
O foco de mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerAbrir Conta Demo e Página Pessoal