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IIF Reaffirms USD/TRY Fair Value at 9.50

TURKEY

IIF Chief Economist Robin Brooks Via Twitter:

  • "Our fair value for Turkish Lira reflects the balance between the c/a deficit - the funding need - and capital inflows - the funding supply.
  • The c/a deficit is moderate, but sentiment is weak, which weighs on capital flows. Hence our $/TRY fair value is 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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