Turkish Lira Weakens on Inflation Surging to 20-Year High
The Turkish lira is weakening on Thursday after the government reported a slightly larger-than-expected inflation in January, leaving some experts to believe the sky-high cost…
Posts Tagged: Foreign Exchange Reserves
Chinese Yuan Strengthens Amid Manufacturing PMI, Expected Policy Easing
The Chinese yuan recorded modest gains against the US dollar on Tuesday as the latest economic data was mixed. China’s post-pandemic recovery is being threatened…
Lira Crashes to Fresh Record Lows As Foreign Capital Flees Turkey
The Turkish lira cratered to a fresh record low against the US dollar and the euro to close out the trading week. Despite decent economic…
Turkish Lira Hits Fresh Record Low After Ankara Slashes Interest Rates
The Turkish lira is continuing its downward descent against the US dollar and the euro, with the currency pairs trading close to fresh record lows….
USD/TRY Flat As Erdogan Pledges Additional Support for Economy
The Turkish lira is struggling for direction after falling to fresh record lows this week. The lira is trying to muster up some momentum on…
USD/INR Flat Amid IMF Downgrade, Growing Trade Deficit
The Indian rupee is struggling for direction to kick off the trading week as investors try to gauge the the currency’s direction following some critical…
USD/TRY Drops Amid Turkey’s Push To Fight Soaring Inflation
The Turkish lira is gradually enjoying a comeback against the US dollar and several other major currency rivals. The lira, which had fallen off a…
USD/INR Flat As Inflation Rises to Six-Month High
The Indian rupee traded relatively flat against both the US dollar and the euro to kick off the trading week. The rupee has struggled to…