Bloomberg News

Deutsche Bank Says Go Short Lira Versus High Yielding Peers

August 16, 2012

Deutsche Bank AG (DBK) said it is “less constructive” on the Turkish lira due to diminished carry and recommended shorting the currency against “high yielding” currencies of India, Mexico and South Africa.

The lira weakened 0.3 percent this month against the dollar to trade at 1.7997 per dollar at 10:15 a.m. in Istanbul.

To contact the reporter on this story: Selcuk Gokoluk in Istanbul at sgokoluk@bloomberg.net

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net


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