Thu, Sep 18, 2014
A A A
Welcome kbr175@gmail.com
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 36995 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930