Merrill Lynch: No expect risk of sharp YTL correction

A report by Merrill Lynch with new forecasts for YTL in emerging markets said, "with the short-term political uncertainty virtually disappearing, we no longer expect the risk of a sharp YTL correction."

Merrill Lynch: No expect risk of sharp YTL correction
Merrill Lynch, the international investment bank, said that Constitutional Court decision not to ban Turkey's ruling Justice & Development (AK) Party provided significant boost to investor appetite for Turkish lira (YTL) assets.

A report by Merrill Lynch with new forecasts for YTL in emerging markets said, "with the short-term political uncertainty virtually disappearing, we no longer expect the risk of a sharp YTL correction."

The bank said it adjusted YTL forecasts to reflect a much more benign domestic environment.

"We now project the YTL to close the year at 1.20 USD against 1.30 previously," the report said.

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Last Mod: 06 Ağustos 2008, 17:55
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