In four days you will be on the opposite corner!

SAFAKNA TURKEY – Dollar volatility persists. Economist Selçuk Geçer said Turkey’s dramatic dollar appreciation ahead of the May 14 elections would come as a “surprise”.

The passerby, on the other hand, drew attention to the fact that the 19th range, which is the psychological limit for the dollar by months, was exceeded, and warned that “the dollar is on the brink.”

The Economist Passes said market expectations for the March 21-22 Fed meeting, which were formed a few weeks ago, represent a 25-50 basis point gain.

Gerer said:

“POSITION ON THE DOLLAR WILL BE REVERSE ANGLE”

“Powell’s statements are clear. With several bank failures and rising prices for gold and cryptocurrencies, it has been rightly stated that a solution that will create problems for banks may not appear at the Fed meetings on March 21-22. This week, there were reports of expectations of no increase in interest rates from some important and reputable US financial institutions. Accordingly, I think that a market that has valued itself would be wrong.

I think that on the evening of March 22, Fed Chairman Powell will come out and announce a 25 basis point rate hike. This statement on the dollar will also be a strong signal, because it will prove that the trend of higher interest rates in the US, which does not compromise on “tight monetary policy” even after bankruptcies, will be long-term. If you ask how this will affect Turkey, under normal conditions, such decisions should of course affect the dollar against TL, but at the moment it would be a mistake to evaluate Turkey with normal economic criteria.

“DO NOT WAIT FOR THE DOLLAR TO RISE BEFORE MAY 14”

In Turkey, the dollar did not rise for 7 months, only slightly moving up. No structural economic changes have been made to alleviate this drought. So why is the dollar not rising? In fact, it is increasing. Currently, the dollar exchange rate has exceeded the level of 25 lira in the real sector.

The Central Bank of the Republic of Turkey (CBRT) with all the tools at its disposal until the elections puts pressure on the exchange rate on the sign. This pressure will be broken whether the AKP wins or loses the election, and the dollar will experience a post-election bounce. However, I don’t think there will be significant growth before June.

YOU CAN FIND 40 LIRA BY THE END OF THE YEAR

Passer, who has been complained about by BRSA for his sensational statements about the dollar in the past, said it wouldn’t be a surprise if the dollar hits 26 lire initially and 40 lire by the end of December in the post-June period. if the AKP wins the election and does not abandon the “Inflation is the result” approach.

Recommending those who consider this forecast ambitious to study the reports of British banks, Gecher recalled that these are the expectations of international financial institutions, and stressed that what he said is not investment advice.