SocGen says USD/TRY is heading towards 8.00 - ConsultFX

SocGen says USD/TRY is heading towards 8.00

Societe Generale analyst, Phoenix Kalen, forecasts lira to weaken to 8.00 against the dollar in a note to clients ForexLive Kalen argues that by reaching the 8.00 threshold it will "compel Turkey to compromise on some of its strategic objectives" and forecasts that the Turkish central bank will no longer hike rates before its 13 September MPC