TRY: Lira seen on steady depreciation despite CPI – Commerzbank | FXStreet
Commerzbank’s Tatha Ghose argues that upcoming Turkish CPI data are largely obsolete given the looming impact of higher energy prices. He expects a strong March monthly print but stresses that external-shock inflation may be treated as transient by FX markets. Regardless, he maintains that the Lira is likely to continue a steady structural depreciation path,…