News Headline Summary

Goldman Sachs maintains TRY 3-,6-,12-month forecasts at 1.95, 2, 2.2

Says:
- Sees TRY at 2.4 per USD in 2015-16 and sees Turkey overnight lending rate at 10% in 2014.

Update details:

- This follows potential spill over effects from Syria on neighbouring Turkey which saw spot TRY rate print all time record high yesterday morning and the Borsa Istanbul 100 index falling 4.7% yesterday to 65519.87, the lowest close since August 2012

Print 05:43, 28 Aug 2013 - FX Flows - Source: Newswires