FxWirePro: Turkish lira’s vulnerability on removal of CBT chief – ‘Debit Call Spreads’ conducive for USD/TRY hedging

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FxWirePro: Turkish lira’s vulnerability on removal of CBT chief – ‘Debit Call Spreads’ conducive for USD/TRY hedging

Analysts now foresee USDTRY at 7.75 by Q1 2020. There is no probability that any straightforward path ahead for a country which does not have a credib

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Analysts now foresee USDTRY at 7.75 by Q1 2020. There is no probability that any straightforward path ahead for a country which does not have a credible inflation-targeting central bank.

We fear that Turkish assets will go through significant turbulence while CBT prepares to cut rates and an unconventional monetary policy experiment is played out. […]

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