Turkey

The Turkish lira is currently testing a key short-term support level between TRY1.2000-1.22000/US$, a firm breach of which would set the stage for a move back to TRY1.2700/US$. That... 2008-08-28

We expect the Turkish lira to continue to trade sideways within TRY1.1400-1.2500/US$ in the short term. Amid persisting global financial market ructions and rising risk aversion,... 2008-02-07

After appreciating an impressive 15.2% since August 17, to at one point trade at TRY1.2045/US$ on October 1, the Turkish lira is expected to continue making gains against the US dollar... 2007-10-02

In line with our view, the global market ructions resulting from US credit concerns have not reversed the steady positive trend of the Turkish lira. After bouncing off short-term... 2007-08-08

Middle Eastern and African sovereigns are still enjoying a strongly supportive external environment, but micro challenges are beginning to build. Fundamental global economic strength... 2007-06-14

EM correction? What EM correction? Investors in Middle Eastern and African (MEA) credits can be forgiven for downplaying the February global correction that dented developed and developing... 2007-03-30

The Turkish lira continues to inch higher after the sell-off in May/June 2006. We note that 1-Year TRY Option Volatility is on the way down again. We suggested the trend was firmly... 2006-12-22