Maltese lira
Devaluation of Turkish Lira expected to continue
With the Turkish Lira's devaluation against the dollar continuing to accelerate, a new record is broken almost every day. The expectation of the markets is that the devaluation of the lira will not stop soon; in fact, it will only continue.
- Read more about Devaluation of Turkish Lira expected to continue
- Log in to post comments
Turkish Lira weakens to record low on dollar strength
The Turkish Lira slipped to a historic low against the U.S. dollar as anticipation of a rate hike from the Federal Reserve saw the American currency appreciate across the globe on Oct. 28
Analysts also link the negative trend to escalating political concerns, as hostilities in Syria and Iraq increase.
The lira dipped to 3.1270 against the U.S. dollar at 08.30 GMT.
Turkish Lira eases as rate cut expectations decline after officials' comments
The parity between the U.S. dollar and Turkish Lira eased slightly on Oct. 19, as expectations about a fresh rate cut by the Turkish Central Bank decreased.
Turkish currency weakens after presidential aide says currency justifies rate cut
Turkey's lira weakened on April 8 after a presidential aide said its level justified an interest rate cut, increasing the political pressure on the central bank to cut rates.
Cemil Ertem told state broadcaster TRT Haber that the Turkish Lira, still not far off a record low hit last year, was in a "strong position" against the U.S. dollar.
Turkish lira subdued after Istanbul blast as global markets edge up
The Turkish lira lagged an emerging market recovery on Jan. 12, staying under pressure after a deadly bomb blast in central Istanbul rattled investors but failed to cause sharp losses.
The lira briefly dipped to 3.0488 per dollar, its lowest since September after news broke of the suicide bombing in Turkey's biggest city, which killed at least 10 people.
Turkish Lira top-performing emerging currency after Fed rate hike
After the long-awaited rate hike decision was realized by the U.S. Federal Reserve (Fed) on Dec. 16, the Turkish Lira has become the best performer among all emerging currencies against the dollar.
Why is the Turkish Lira rallying?
?Normally, the Turkish Lira depreciates after even the slightest negative developments, even a flu epidemic. So how come it gained against foreign currencies last week following the country?s deadliest terror attack on Oct. 10??
- Read more about Why is the Turkish Lira rallying?
- Log in to post comments
Yogi Berra on the Turkish economy
I learned the basics of America?s favorite pastime only when the Red Sox were on their way to break the Bambino?s curse in 2004. Therefore, I won?t hold it against you if you have never heard of Yogi Berra.
However, the baseball great, who passed away on Sept. 22, was famous for his ?wise? sayings, some of which apply to the Turkish economy really well.
- Read more about Yogi Berra on the Turkish economy
- Log in to post comments
Turkish car sales poised to slow as imports become pricier
Turkey's rapidly growing automotive market is likely to see a slowdown in the remaining months of the year, as the local currency's tumble against the euro saps demand and hits balance sheets, an industry expert said.
Turkish central bank hikes reserve ratio for short-term forex borrowing
Turkey's Central Bank on Aug. 29 raised the reserve ratio on lenders' short-term hard currency borrowings to encourage the banks to borrow longer-term and bring more stability to a domestic currency market that has been subject to big swings.