Turkish lira hits fresh record low against the U.S. dollar
Publishing timestamp: 2024-01-11 05:08:34
Summary
The Turkish lira has fallen significantly against the US dollar due to double-digit inflation and unorthodox monetary policies. Turkey's top finance officials are holding an investor presentation event in New York to discuss the country's monetary policy and financial markets. The lira's weakening has led to increased import and foreign debt costs, negatively impacting the purchasing power of Turkish people.
Sentiment: NEGATIVE
Keywords: economy, recep tayyip erdogan, breaking news: economy, interest rates, ankara, forex markets, business news, morgan stanley, blackrock inc, turkey, new york, currency markets, inflation, emerging markets, us dollar/turkish lira fx spot rate, united states, prices,
Source: https://www.cnbc.com/2024/01/11/turkish-lira-hits-fresh-record-low-against-the-dollar.html