Tue, Feb 28, 2017
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Currencies more

Top forecaster Barclays sees risk to lira outlook

Posted on 10 July 2013

The top forecaster for the Turkish lira says his prediction for the currency to strengthen by year-end risks being undermined by the country’s external funding needs even as the central bank provides support.
The lira will rise 3 percent to 1.89 per dollar by the end of the third quarter, with the currency at 1.90 by Dec. 31, Koon Chow, an emerging-market strategist in London at Barclays Plc, the most accurate forecaster for the past two quarters, said yesterday in an interview by phone. Should the exchange rate stabilize, bond yields, among the highest in developing nations, may fall, he said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
February 2017
S M T W T F S
« Nov    
 1234
567891011
12131415161718
19202122232425
262728