Free Trial

Commerzbank Revise Lower Their Y/E TRY View

TURKEY
  • They see USD/TRY rising to 25.00 by year-end vs. Prior estimate of 20.00 - and write that the Turkish authorities may be losing their grip on the currency.
  • Commerzbank also revise their 2024 view to 30.00 from 21.50 previously.
  • They see the outlook for the real interest rate deteriorating, which will further intensify FX depreciation – this is the main reason why they have significantly weakened their TRY forecasts in the election aftermath.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.