Markets

The Turkish lira plunges to a record low after the US announces sanctions

The Turkish lira fell past 5 per dollar on Wednesday. The Trump administration announced it’s planning to sanction Turkish officials. Watch the Turkish lira trade in real time here. Turkey’s currency plummeted to a record low against the dollar Wednesday after the Trump administration said it plans to impose sanctions […]
The Turkish lira plunges to a record low after the US announces sanctions
Markets

The Turkish lira jumps after Erdogan’s election victory

The Turkish lira climbed 3% against the dollar on Monday but has now stabalised, following the re-election of Recep Tayyip Erdogan as President of Turkey, arresting its sharp decline in recent months. Erdogan won Sunday’s elections with a 52.5% majority, as reported the state-run Anadolu Agency. Some commentators expect increased […]
The Turkish lira jumps after Erdogan’s election victory
Markets

The Turkish lira is plunging after an emergency rate hike

The Turkish lira continued selling off Thursday. It had dropped to all-time lows Wednesday, prompting the central bank to raise interest rates ahead of its June meeting. Follow the lira in real time here. The Turkish lira continued sinking Thursday as investors blew off an emergency interest rate hike. The […]
The Turkish lira is plunging after an emergency rate hike
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