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Turkish Lira Halts Recovery, Falls vs. Dollar & Euro

The Turkish lira halted its rebound and fell versus the US dollar and the euro today as concerns about the situation in Turkey resurfaced.

Turkish Lira Continues to Recover, Boosted by Qatar Investment

The Turkish lira continued to recover, rising for the third straight trading session against the US dollar and the euro today.

Turkish Lira Pulls Back from Record Low After Central Bank Announcements

The Turkish lira recovered a bit today after touching a new record low overnight. The nation’s central bank attempted to support the currency, making couple announcements.

Turkish Lira Rattles Global Financial Markets As Currency Crashes 20%

The Turkish lira cratered more than 20% on Friday after the US government announced it was doubling its tariffs on the country’s steel and aluminum exports. The collapse in the lira sent shockwaves throughout global financial markets, prompting the European Central Bank (ECB) to warn major European banks about being exposed to the Turkish economy.

Turkish Lira at New Record Lows After US Slaps Sanctions on Turkey

The Turkish lira slumped to the new all-time low today after the United States slapped sanctions on Turkey, its NATO ally, over detention of a US pastor.

Turkish Lira Declines After Central Bank Upgrades Inflation Forecast

The Turkish lira fell today after Turkey’s central bank revised its inflation forecast up. The currency declined even as the bank signaled about possibility of an interest rate hike.

Turkish Lira Tumbles After Central Bank Refrains from Interest Rate Hike

The Turkish lira slumped today after the nation’s central bank surprised and disappointed market participants, refraining from increasing interest rates.

Turkish Lira Rallies After Erdogan’s Victory in Presidential Election

The Turkish lira rallied today after victory of Recep Tayyip Erdogan in the presidential election.

Turkish Lira Surges After Interest Rate Hike

The Turkish lira jumped sharply today after the Turkish central bank performed an emergency interest rate hike following data that showed accelerating inflation.

Turkish Lira Continues to Slide Despite Central Bank’s Efforts

The Turkish lira continued to slide today despite efforts from the nation’s central bank to stem the currency’s depreciation.

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