Turkey’s lira slipped to record lows following President Erdogan’s re-election. Many analysts expect the currency to fall further as the country’s long-running economic imbalances come to a head. WSJWhatsNow
The Turkish lira fell 1.4% against the dollar to a new record low, an unusually large move for the currency that suggests policymakers are gearing up for a larger depreciation following Sunday'sOne U.S. dollar recently bought 20.4 lira, the most on record.
Tuesday’s decline was the currency’s largest daily percentage move since June. The lira has been trading in a tight range due to the central bank’s efforts to control the currency’s decline through intervention and policies that deter demand for foreign currency. The central bank stepped up those efforts around the election, further eroding the
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Turkish lira slips as Erdogan claims victoryTurkey's lira slipped towards a fresh record low against the dollar as President Tayyip Erdogan claimed victory in the country's presidential election on Sunday, a win that would steer his increasingly authoritarian rule into a third decade.
Weiterlesen »
Turkish lira slips as Erdogan secures victoryTurkey's lira slipped towards a fresh record low against the dollar as President Tayyip Erdogan secured victory in the country's presidential election on Sunday, extending his increasingly authoritarian rule into a third decade.
Weiterlesen »
Turkish lira hits record low, stocks gain after Erdogan secures re-election By Reuters⚠️BREAKING: *TURKISH LIRA HITS RECORD LOW, STOCKS GAIN AFTER ERDOGAN SECURES RE-ELECTION $TRY 🇹🇷🇹🇷
Weiterlesen »
Turkish stocks rise, lira hits fresh record low after Erdogan wins re-electionTurkish investors rushed into stocks and dumped the lira after President Recep Tayyip Erdogan embarked on his third decade in the top position.
Weiterlesen »
Turkish lira hits record low, stocks gain after Erdogan secures re-electionTurkey's lira hit fresh record lows against the dollar on Monday, though stocks rallied, after President Tayyip Erdogan secured victory in Sunday's presidential election, extending his increasingly authoritarian rule into a third decade.
Weiterlesen »
Turkish lira hits new record low after Erdogan election victory | CNN BusinessTurkey’s lira hit fresh record lows against the US dollar on Monday after President Recep Tayyip Erdogan secured victory in Sunday’s presidential election, extending his increasingly authoritarian rule into a third decade.
Weiterlesen »