(Bloomberg) -- Turkish inflation probably surged to almost 70% in March, as the lira weakened on concerns Sunday’s local elections could have prompted a currency rout. Analysts expect data due on ...
ANKARA, Turkey (AP) — The Turkish lira tumbled to a fresh record low Wednesday, extending its slide against the U.S. dollar since President Recep Tayyip Erdogan started his third term. The lira ...
Worries over a fragile Turkish economy and the risk of contagion in Europe unnerved investors on Friday and sent the lira to a record low against the US dollar. Worries over a fragile Turkish economy ...
The Turkish lira fell to a record low against the dollar and the country's benchmark stock index dropped by as much as 7% following the surprise arrest of Istanbul mayor Ekrem Imamoglu — a rival of ...
The Turkish lira hit an all-time low against the Euro and the US dollar, trading at nearly 44 lira for one euro and 39 lira for one dollar. Erratic monetary policy, political instability, and external ...
Recep Tayyip Erdogan can thank the Turkish lira for his rise to power. A financial crisis that delegitimized mainstream politicians propelled his campaign. The lira’s 30 percent drop versus the dollar ...
NEW YORK (MarketWatch) - The lira strengthened almost 3% against the U.S. dollar early Monday after the Turkish central bank raised interest rates by 225 basis points at an emergency policy meeting ...
ANKARA, Turkey (AP) — Under pressure to act, Turkey’s central bank sharply raised its key lending rate Wednesday to try to stem an outflow of capital from the country, control inflation and support ...
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Soaring gold outweighs fall in Turkish currency reserves
Hikes in the price of gold have boosted Turkey’s international reserves, more than covering a dip in foreign-currency holdings to below historic averages. Gold has gained more than 65 percent over the ...
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