Analysts at Morgan Stanley say the dollar can appreciate more versus the Turkish lira.
The dollar has been rising versus the Turkish lira since it became apparent that Turkey was heading for an election runoff that President Recep Tayyip Erdogan would be likely to win, and analysts at Morgan Stanley say there’s much further room to run now that the 69-year-old has triumphed.
Erdogan... The dollar has been rising versus the Turkish lira since it became apparent that Turkey was heading for an election runoff that President Recep Tayyip Erdogan would be likely to win, and analysts at Morgan Stanley say there’s much further room to run now that the 69-year-old has triumphed.
Erdogan on Sunday won by a 52% to 48% margin over opposition leader Kemal Kilicdaroglu. Erdogan’s view is that higher interest rates cause higher inflation, a stance that has hamstrung its central bank, with the Turkish Statistical Institute recording inflation at 44% in April.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Chinese consumers won't return to pre-Covid spending soon — a problem for Starbucks, Morgan Stanley saysConsumer brands such as Starbucks face a Chinese market recovering slowly from the pandemic and filled with local competitors, Morgan Stanley analysts said.
Weiterlesen »
TipRanks reveals the top 10 consumer goods sector analysts of the past decadeTipRanks' analyst ranking service ranks the top Wall Street firms of the past decade.
Weiterlesen »
Turkish citizens speak about election runoffHere are some views from Turkish citizens as the country voted on Sunday in an election runoff that may extend President Tayyip Erdogan's rule into a third decade or see a transfer of power to his rival Kemal Kilicdaroglu.
Weiterlesen »
Preliminary Turkish election results show Erdogan leading in presidential runoff | CNNPreliminary results in Turkey’s presidential runoff vote on Sunday showed President Recep Tayyip Erdogan ahead of his rival as the leader fights to stretch his rule into a third decade.
Weiterlesen »
Turkish President Recep Tayyip Erdogan Claims Re-Election VictoryTurkish President Recep Tayyip Erdogan has claimed to have won re-election, according to reports from Turkish news agencies. The win would extend Erdogan’s 20-year tenure as the country’s leader.
Weiterlesen »
Turkish President Recep Tayyip Erdogan Wins Re-ElectionTurkish President Recep Tayyip Erdogan has won re-election, according to unofficial reports from Turkish news agencies. The country’s electoral commission has not announced a victor yet.
Weiterlesen »