USD/TRY to move around 24 by end-Q3, Lira to significantly outperform forwards – SocGen USDTRY Turkey InterestRate Banks
Return to some policy orthodoxy and tourist revenues inflow to support TRY
We expect USD/TRY to move to around 24 by end-3Q23 and for the Lira to significantly outperform forwards. However, the longer-term outlook remains clouded by political uncertainty.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/TRY: Struggles to defend Turkish Lira bears, focus on CBRT, Fed Powell’s TestimonyUSD/TRY: Struggles to defend Turkish Lira bears, focus on CBRT, Fed Powell’s Testimony – by anilpanchal7 USDTRY CBRT Fed RiskAversion Currencies
Read more »
USD/TRY: Lira to weaken further as it is allowed to adjust more freely to competitive levels – MUFGThe CBRT’s latest policy update is due on Thursday. Economists at MUFG Bank analyze TRY outlook. CBRT is expected to deliver a significant rate hike I
Read more »
USD/JPY: FX intervention unlikely until 145 – SocGenOfficials are likely to step up verbal intervention closer to 145 in USD/JPY, in the opinion of economists at Société Générale. Widening of 10y JGB yi
Read more »
GBP/USD to head higher gradually towards projections of 1.3000 and 1.3100/1.3180 – SocGenGBP/USD has embarked on an extended up move after defending the multi-month ascending support line near the 1.2300 level. Economists at Société Généra
Read more »
USD/MXN: Failure to reclaim 17.75 could lead to continuation in downtrend – SocGenEconomists at Société Générale analyze USD/MXN technical outlook and see the pair moving to 16.95/16.60. Steady downtrend USD/MXN downtrend has extend
Read more »
USD/ZAR: Easy gains for the Rand are likely behind us – SocGenInflation data from South Africa is due tomorrow. Economists at Société Générale analyze Rand outlook ahead of the report. USD/ZAR faces psychological
Read more »