DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

Japan Feb Machine Orders +7.7% M/M

MNI JAPAN FEB CORE MACHINE ORDERS +7.7% M/M; JAN -1.7%

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Israel 'Deeply Concerned' over Cyprus Provocations; DB Turns Bearish on TRY

TURKEY

LOCAL NEWS

  • Israel expresses 'deep concern' over Turkish 'provocations' in Cyprus as it continues to consolidate its presence on the island by building a presidential complex and re-opening Varosha.
    • Says it remains in full solidarity with Cyprus. This comes as bilateral relations were showing early signs of improvement, but may now take a step back
  • Deutsche Bank says traders should short the Turkish lira amid a continuing dollarization trend in the country and ahead of seasonal underperformance. Dollarization has continued in June and July, accelerating recently.
    • Trend is driven by both retailers and corporations. Increased dollarization is indicative of rising domestic inflation expectations, which should erode Turkish real yields.
    • Says the lira's recent strong performance is not sustainable.
  • Turkey criticizes Austrian leader's remarks saying Turkey is" a more suitable place" for Afghan refugees than Germany, Austria or Sweden.
    • Turkey says it will not take in a new wave of migration nor be a migrant camp for the EU.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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.