While USDTRY has flat-lined since the start of the year, the lira remains vulnerable to a move higher in US real yields. This is as domestically real yields are still too low to sustainably bring down inflation, while funding the current account deficit requires positive risk appetite to support portfolio inflows.
from Google Alert - vulnerability https://ift.tt/2GBM2CE
via IFTTT
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment