Goldman revises lira forecasts stronger again, sees flatter path ...Qatar

Goldman Sachs Group Inc improved its outlook for the lira for a second month but said the Turkish central bank’s plan to rebuild reserves will probably even out the currency’s gains. After a shift in approach outlined by central bank Governor Naci Agbal, “markets are likely to give policy makers, but especially the lira, benefit of the doubt, given its roughly 15% nominal annualised carry, and the broader dollar bearish environment,” Goldman analysts led by Zach Pandl said in a report to clients. The US bank now forecasts the lira’s exchange rate against the dollar at 7.50, 7.75 and 8.00 in three, six and 12 months, respectively. That compares with 7.75, 8.00 and 9.00 previously. The lira i

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