USD/TRY: No major changes in Turkish elections to result in additional Lira turmoil – SocGen USDTRY Turkey Banks
The Lira has been on a weakening trend since December 2021, slipping past 19.50/USD. Economists at Société Générale analyze where theIf Erdogan is defeated by Kilicdaroglu, Lira assets should rally
“Any selling is likely to be countered by the authorities and means a controlled rather than abrupt depreciation is more likely.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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