Goldman Sachs' New dollar/TL Forecast: Huge Increase in the 12-Month Target.
4 Articles
4 Articles
Goldman Sachs has revised its dollar/TL exchange rate forecast upwards, taking into account the recent acceleration of the Turkish Lira's depreciation and the time factor. Bank analysts pointed to pressures on the external balance and rising election noise, stating that the risk of a faster depreciation of the Turkish Lira outweighs other factors.
Exchange rates started the week with an increase. The dollar/TL exchange rate, which has been setting new records every day, broke yet another record today.
International investment bank Goldman Sachs warned that the depreciation of the Turkish lira could accelerate, and revised its dollar/TL exchange rate forecast upwards. This update means an increased burden for those with dollar-denominated debt.
As volatility in the dollar exchange rate continues, banks are also updating their target prices. Goldman Sachs warned that the depreciation of the Turkish lira could accelerate and revised its dollar/TL forecast upwards.
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