Forecast: US dollar to fall in Turkey

16:55 - 7.08.2019

August 7, Fineko/abc.az. One of the world's financial companies Societe Generale has released a forecast of the US dollar exchange rate to the Turkish lira. According to Company's forecasts, the US dollar may fall to 4.7026 liras in Turkey.

Such a forecast is associated with the impact of the trade war between the U.S. and China on Turkey and reduction of the risk of U.S. sanctions against Turkey because of the purchase of S-400 missile from Russia.

Today, the US dollar exchange rate was at the level of 5.53 liras today.

 

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