Turkey

The rally in the Turkish lira since the beginning of March has the potential to run further, with our short-term target set at TRY1.4700/US$. Certainly, the movement of the currency... 2009-06-04

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

Since we last gauged the sentiment of our surveyed banks to EM external debt markets back in the summer, confidence has understandably picked up, as reflected by the rise in our global... 2006-11-16

Although we are less bearish towards EM assets than we were, our negative stance remains. In this respect, before discussing our surveyed investment banks' current external debt positions,... 2006-06-30