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Turkish lira hits new low as Erdogan chases high growth - Financial Times
President Recep Tayyip Erdogan fuelled fears that he would keep chasing high growth despite the Turkish lira hitting a new low on concerns that the economy was overheating. Mr Erdogan unveiled a $34bn investment package on Monday and repeated a demand ...altro »
Turkish Lira Falls to Record Lows Before New Stimulus - Bloomberg
JPMorgan Chase & Co. said it remains underweight Turkey's currency and bonds, citing a current-account deficit that the bank sees widening to 6 percent of output in 2018 and a deteriorating inflation outlook. The nation needs a “sizable” foreign ...
Lira sinks after Trump's Russia comments, Turkish data - Financial Times
The lira has plummeted to another record low after an escalation in rhetoric by Donald Trump regarding Russia's support for the Syrian government and a fresh slate of data highlighted Turkey's vulnerability to external shocks. Turkey's currency traded ...
Rise of US dollar, euro continues as Turkish lira hits new record lows - Daily Sabah
The rise of the U.S. dollar and euro continued on Tuesday with the Turkish lira weakening to new record lows of 4.1358 and 5.1137, respectively. The greenback's gains have exceeded 10 percent since the beginning of February, whereas the euro gained ...
Turkish lira falls to new low against dollar - Ahval
Turkey's lira dropped to a new low against the U.S. dollar on Friday amid concern that the government is prioritizing economic growth over inflation, leading to an overheating of the economy. The lira dropped to as low as 4.0618 to the dollar in ...
Turkish Lira, Stocks Rally After Snap Election Reinforces Stability - Bloomberg
Turkey's lira and stocks led gains in emerging-market peers after President Recep Tayyip Erdogan's surprise move to call early elections fanned expectations for political stability and the end of expansionary fiscal and monetary policies that stoked ...
Turkish lira hits new lows as key minister goes missing - Ahval
Turkey's lira plumbed new lows against the dollar on Thursday after a report that Deputy Prime Minister Mehmet Şimşek had offered his resignation amid divisions over economic policy. The lira fell to as low as 4.044 per dollar, exceeding a low of 4.036 ...
Turkish lira falls to new low as market digests rumours of Simsek ... - bne IntelliNews
Speculation that Turkish Deputy Prime Minister Mehmet Simsek—viewed as an important voice of economic orthodoxy in Turkey's government and a possible moderating influence on populist President Recep Tayyip Erdogan—had resigned gave the Turkish lira ...altro »
US interest rates break out higher, dragging Dollar with them - Ebury (blog)
he US Dollar moved higher against most of its peers, buoyed by the break out higher in US bond yields. As the key 10 year Treasury rate approached 3.00%, the traditional relationship between higher US yields and a higher Dollar appeared to re-establish ...altro »
The Turkish Lira is plunging despite high growth. Why? - Hurriyet Daily News
Turkey had a record growth rate of 7.4 percent in 2017. But as of April the Turkish Lira has depreciated by 8 percent in 2018. This trend, it seems, will continue. Can we say that record growth has made the lira more vulnerable? If so, why?