Nigel Rendell from Medley Global Advisors and Jeremy Stretch from the Canadian Imperial Bank of Commerce talked about the expectations of the Turkish Lira and developing country
Jeremy Stretch, Director of Strategy at the Canadian Imperial Bank of Commerce, said the US - making progress in Chinese trade negotiations would have a positive impact on emerging markets. Stretch "the dollar is cheap and if the Fed persists in the" rate of interest "in the rate of increase in interest rates of high-yielding currencies would be interested, among them there is Turkish Lira ," he said.
Stretch pointed out that the recent developments between India and Pakistan could lead to uncertainty.
Stretch stating that the CBRT will be cautious at the next meeting "The Central Bank will talk about the risk environment and the moderate appreciation in the Turkish Lira. This may cause the Central Bank to reverse its monetary policy. . " made his assessment. Stretch Dollar / TL said that 5 - 5.10s could be seen towards the end of the year.
Nigde Rendell, Senior Analyst for Medley Global Advisors Developing Countries, said yesterday that the statements of Fed President Jerome Powell are good for emerging markets.
"Powell's speech has been soft, and he benefited the emerging markets. Interest rates of emerging markets seem to be more advantageous, but there are uncertainties regarding global growth," he said.
Rendell, indicating a period of time greater may remain of interest in Turkey in the dollar / TL Regarding "Interest can be downloaded after the election. TL has gained a little more stability when last year compared. Inflation of 15 percent - can be dropped to 16 percent. This year, the Central Bank 600-700 we can see the base point interest rate cut then the dollar / TL may rise slightly but I do not expect 6 - 7 levels. The exchange rate can move between 5.30 - 5.70. made his assessment.
