- Analytics
- News and Tools
- Market News
- USD/TRY: Short-term target raised to 9.60 ahead of CBRT meeting – Credit Suisse
USD/TRY: Short-term target raised to 9.60 ahead of CBRT meeting – Credit Suisse
In Turkey, tomorrow’s central bank meeting is going to be particularly interesting following the recent sharp sell-off in the lira. Economists at Credit Suisse raise their short-term USD/TRY target to 9.60 from a range of 8.60-9.20.
USD/TRY downside limited to the 9.05 area even if the central bank surprises by staying on hold
“Although the inflation outlook has deteriorated, most investors and analysts expect a policy rate cut after last week’s dismissal of three MPC members.”
“We raise our short-term USD/TRY target to 9.60 from a range of 8.60-9.20 and we see USD/TRY downside limited to 9.05 even if the central bank surprises tomorrow and keeps the policy rate on hold.”
© 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
