USD/TRY climbed about 4% last week, breaking above the 15 handle for the first time since December. Economists at TD Securities expect the pair to hit the 19 level by the end of the quarter.
Risks align for further upside moves in USD/TRY
“Risks seem to be aligning for further upside moves in USD/TRY.”
“We continue to forecast 19.00 by end-Q2, suggesting hikes may be approaching.”