Lira gains some strenght again
Holiday bookings are up in Turkey and have driven up the lira, which has gained in value to the US dollar and the euro. President Recep Tayyip Erdoğan is, in addition, expected to meet US president Joe Biden and discuss tensions at this week's NATO summit. Issue is that Turkey is central to China's Belt and Road Initiative. The talk may certainy have an impact on the lira.
Strong domestic demand supports raw material prices
High domestic demand coupled with exporters engaging in speculative