Nightmares persist for Rupee and Rupiah, but could Lira be turning the corner?


It is a surprise to envisage that September looks set to conclude with increasing optimism that the Turkish Lira could be about to turn a corner. The Lira has rebounded against the Dollar considerably over the past week, and is now approaching levels not seen since the days following the aftermath of the historic currency weakness of the Lira back in early August.

What is interesting about the resurgence of momentum in the Lira is that it hasn’t been encouraged by any material developments when it comes to the macroeconomic or monetary perspective of Turkey, but simply inspired by… Read More

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