TRADE IDEA-Go long Turkish lira vs Czech crown -Deutsche

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The bank expects the lira to strengthen "on the back of a favourable election outcome, a return of reverse currency substitution, supportive tourism flows and FDI, and likely absent or at least ineffective c.bank intervention".

It recommends funding the trade with borrowing in the crown and targets lira at 17.04 crowns by end-August -- a level last seen in mid-2006. That would give a total return on the trade of 7.5 pct.

Keywords: CZECH MARKETS/CROWN