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Saturday, October 31, 2020

Turkish Lira Forecasts Envisage Recovery at ABN Amro as Others See Slide into Arms of IMF

Turkish Lira Forecasts Envisage Recovery at ABN Amro as Others See Slide into Arms of IMF Modified: Friday, 30 October 2020 17:16 BSTWritten by James Skinner Subscribe to our Newsletter Follow us on Twiiter The Lira tumbled again Friday as the Dollar sought a fifth consecutive advance, although the outlook is murky with forecasts from ABN Amro suggesting a 2021 unravelling of the greenback could throw the Turkish currency a lifeline, while others still look for an International Monetary Fund (IMF) intervention. More:Turkish Lira Forecasts Envisage Recovery at ABN Amro as Others See Slide into Arms of IMF