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IIF Economist Warns Consensus Turning Bearish on TRY, Calm Before the Storm

TURKEY
  • IIF Chief Economist Robin Brooks via Twitter:
  • "Consensus is turning more bearish on Turkish Lira, with some in markets calling this the calm before the storm.
  • People are comparing now to June-July 2020, when $/TRY was anchored around 6.90 before going higher in late July towards our then fair value of 7.50."
  • IIF recently changed USD/TRY fair value to 9.50
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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