Credit Agricole Suggests Long Position in Turkish Lira for H1, Predicts Limited Devaluation

In its comprehensive analysis of the 2025 outlook for emerging markets, Credit Agricole also addressed the Turkish lira. The bank indicated that, compared to signals from the forward front, the Turkish lira is expected to experience a more limited depreciation, recommending long positions in TL for the first half of the year. The bank's report also provided quarterly forecasts for the dollar/TL exchange rate.