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HSBC Revise Year-End USD/TRY Forecast to 36.0

TRY
  • HSBC have raised their USD/TRY forecast as they say the move up has been faster than they had anticipated.
  • Their new forecast is based on the CBRT’s guidance of real FX appreciation, and using various scenarios, HSBC now see USD/TRY rising to 36.0 at year-end (compared to 33.0 previously).

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