Turkey's troubled Lira was on course for its best week since the middle of 2018 on Wednesday after remarks from President Recep Tayyip Erdogan seemingly suggested that large interest rate hikes are…
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The Lira rallied further on Friday after regulators relaxed restrictions on currency transactions following a surprise interest rate rise from the central bank, although analysts say the road towar…
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The Euro-to-Dollar rate was rallying higher Tuesday in moves that may have had more to do with keeping pressure on the Lira than with any bearish outlook for the greenback or brightening Eurozone e…
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The Australian Dollar edged higher Tuesday in defiance of a short-term reversal signal on the daily charts and a wobble in gold prices, although the Euro's use as an instrument of Turkish economic …
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The Euro-to-Dollar rate tumbled Friday in moves widely attributed to rising geopolitical tensions, risk aversion and profit-taking ahead of the weekend, although losses could build next week and vo…
Read more →The Turkish Lira shot higher Thursday after the Central Bank of Turkey (CBRT) raised interest rates despite opposition from President Recep Tayyip Erdoğan, whose influence over the instit…
Read more →The Lira hit the ropes again Friday after President Donald Trump condemned Turkey's detention of Pastor Andrew Brunson and Treasury Secretary Steven Mnuchin said the US is preparing further sanctio…
Read more →The Lira rose sharply for a second consecutive session Thursday and has now reduced its 2018 loss by almost half but the currency remains vulnerable to renewed losses and some analysts are claiming…
Read more →The Turkish Lira fell to a new record low amid fresh global market turmoil Monday after President Recep Tayyip Erdogan resisted calls to raise interest rates and support a collapsing currency, lead…
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