USD/TRY: No reason to believe that the accelerating Lira weakening trend in recent years will change – MUFG
15.05.2023, 10:24

USD/TRY: No reason to believe that the accelerating Lira weakening trend in recent years will change – MUFG

President Erdogan is on course for a narrow victory in the Presidential election. Economists at MUFG Bank expect the Turkish Lira to weaken.

Turkey elections results favour status quo outcome

“The election results favour a continuation of status quo in Turkey, and is unlikely to trigger the return of foreign investors back to Turkey.”

“We would expect policymakers in Turkey to maintain a relatively stable TRY in the near-term ahead of the likely second-round election. After the elections are over and the dust has settled, a continuation of unconventional policy settings, an elevated current account deficit, elevated inflation and dwindling FX reserves all point towards a weaker Lira.”

“Over the last five calendar years, the TRY has depreciated against the USD on average by -26%. So far this year the pace has slowed down ahead of the elections with the Lira falling more modestly by only -5% year to date. It leaves room for catch up weakness ahead. We see no reason to believe that the accelerating weakening trend in recent years will change if unconventional policies remain in place.”

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik