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.
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