Commerzbank Sees Further Turkish Lira Depreciation Against Dollar

Commerzbank FX analyst Tatha Ghose expects the Turkish lira to weaken further against the US dollar, citing two main drivers.

• Persistent inflation pressures in Turkey
• Renewed deterioration in the current account

According to the note, these factors are likely to keep the currency under strain against the dollar. The commentary focuses on the fundamental backdrop rather than a specific forecast level or time horizon.

The view reinforces a cautious outlook for the lira within the FX market.