The document provides an overview of the USDTRY market, highlighting economic activity, fiscal support, and external demand. It discusses the potential for a TRY rally due to a supportive external environment, high carry, disinflation, attractive valuation, and light positioning. The document also covers USDTRY spot history and forecasts, noting that TRY remains one of the world's cheapest currencies. Deutsche Bank's forecasts for USDTRY are provided, along with insights into carry, volatility, and skew dynamics.
documents/vol00010-efta01437035-pdf.pdf
{"title":"USDTRY FX Overview","key_people":["Deutsche Bank analysts"],"document_date":"March 2018","document_type":"tabular","key_locations":["Turkey"],"document_subtype":"financial report","key_organizations":["Deutsche Bank"]}