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

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

March Home Sales Jumped At End Of Month

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

USD/TRY Eyes 15.50 as Lira Headwinds Gather Pace

TURKEY
  • USD/TRY trades +0.33% higher this morning, probing 15.40 at the start of the session as greenback strength gains traction.
  • The cross traded mostly sideways yesterday, but sentiment towards acutely vulnerable Turkish assets remains decidedly negative in these market conditions.
  • Markets will be focused on US PPI after a hot CPI print yesterday with the USD keeping EM FX on the backfoot across the board.
  • Progress on F-16s is a notable positive for US-Turkey relations, which have improved during the Ukraine crisis, but Turkey still remains wedded to the purchase of S-400 missiles – making the removal of CAATSA sanctions unlikely.
  • Intraday Sup1: 15.2703, Sup2: 15.2134, Res1: 15.3883, Res2: 15.50
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.