Turkish Lira opens already notably weaker. Economists at Commerzbank analyze USD/TRY outlook.
Perhaps the FX market is getting ready for the first rate hike by CBT
Perhaps the FX market is getting ready for the first rate hike by CBT as a result of the new economic team taking over – Hafize Gaye Erkan as CBT governor – but can’t decide whether this will be delivered at the scheduled 22 June rate meeting, or even sooner via emergency meeting.
We are all aware that the ‘unconventionalness’ of Turkish economic policy comes straight from one man at the top. Very few, even of his loyalists, wanted to implement such policies when they were actually put in charge. Hence, now it will be a wait-and-see exercise about Erdogan’s patience with this new change. No other factor is relevant.
The FX market mostly sees through this problem – hence, any let up in FX interventions by CBT and banks could be followed by explosive USD/TRY moves
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。