MNI BRIEF: Fed's Williams Says There's No Urgency To Cut Rates

MNI: US March Existing Home Sales Fell 4.3% To 4.19M

WILLIAMS: NOT BASE CASE TO RAISE RATES FURTHER

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

US EIA:NAT GAS STORAGE +50 BCF TO 2,333 BCF APR 12 WK

MNI: US NAR: MAR EXISTING HOME SALES 4.19M SAAR

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

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

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

USDTRY Approaching Fresh All-Time-High At 13.4539

TURKEY
  • As a reminder, Turkey’s lira slumped past 13 per U.S. dollar after Bloomberg HT reported that Doruk Kucuksarac, executive director for markets at the central bank, had left his post.
  • The renewed dollar bid and pressure on global equity indices has exacerbated the move higher in USDTRY in recent trade, with the all-time-highs according to Bloomberg pricing at 13.4539 within touching distance.
  • Technically, the risk has remained skewed to the upside with last week’s high the key directional bull trigger.
  • Key short-term event risk of note - President Recep Tayyip Erdogan will speak to state broadcaster TRT later Tuesday.
    • This follows his comments over the weekend where he stated: “I have never advocated and won’t be advocating for interest rate increases”.
BulletEM BulletEmerging Market NewsHomepage
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.