EFTA Document EFTA01437035

USDTRY FX Overview March 2018 For Key Client Partner Clients or U.S Institutional Investors. Not for Retail Distribution EFTA01437035 image002 USDTRY overview Market overview Economic activity looks set to lose steam; yet it should remain competitive throughout 2018 due to fiscal support as well as buoyant external demand. CBT appears to be done with tightening TRY can rally due to a supportive external environment, high carry, disinflation (and rising real rates), attractive valuati