MeritKapital Newsletter`

November 12, 2018

The Turkish lira fell for a fourth day vs USD, it lost 0.6% on Friday and reached 5.4925 per USD level. Today the Turkish central bank published the current-account figures…

 

MeritKapital Newsletter

November 9, 2018

The Turkish lira slipped against the USD for the third day in an environment of a risk-off sentiment and the uncertainty prior to the FED meeting. The Lira lost 1.8%…

 

MeritKapital Newsletter

November 8, 2018

On Wednesday Turkey issued EUR 1.5 bn of new 8Y euro-denominated bond with final yield set at 5.25%, the book was oversubscribed three times. Despite the strong books the issue…

 

MeritKapital Newsletter

November 7, 2018

The Turkish lira weakened by 0.8% on Tuesday while the lira`s CPI-based real effective exchange rate rose for the first time in 9 months according to the Central Bank of…

 

MeritKapital Newsletter

November 6, 2018

The inflation statistics issued yesterday in Turkey was a bit higher than expected, it rose above 25% in October (increase of 2.67% MoM in October). However, some analysts believe that…

 

MeritKapital Newsletter

November 1, 2018

The Turkish Finance Minister Mr. Albayrak announced a round of tax cuts on Wednesday which would be applicable to cars, white goods, furniture etc. The lira spiked immediately after the…

 

Meritkapital Newsletter

October 31, 2018

Today the Central Bank of Turkey will publish the Q3 inflation report. Local investors are also waiting for the central bank comments – if the bank changed its expectations or…

 

MeritKapital Newsletter

October 30, 2018

The Turkish lira is rising for a fifth day, yesterday it gained 0.6% to 5.5611 per USD, extending an almost 10% rally this month. It touched its two-month low at…

 

MeritKapital Newsletter

October 29, 2018

The Turkish lira strengthened by 0.75% on Friday (currently trading at 5.58 per USD), it gained the most among the EM peers after the CBRT left the rate unchanged on…