Turkish Lira, Stock Market Crash After Erdogan Rival Arrested
The Turkish lira cratered as much as 11% in the middle of the trading week after a rival of Turkish President Recep Tayyip Erdogan and…
Posts Tagged: Recep Tayyip Erdogan
Turkish Lira Crashes to All-Time Low on Ankara Policy Shift
The Turkish lira crashed to a record low on Wednesday and suffered the sharpest selloff since 2021. But the silver lining in the currency crisis…
Turkish Lira Crashes to Fresh Low Against US Dollar on Erdogan Re-Election
The Turkish lira hit a new all-time low against its US counterpart during the quiet Memorial Day holiday trading session. The currency plunged after President…
USD/TRY Flat After Inflation Unexpectedly Reaccelerates Ahead of Key Elections
The Turkish lira was flat in overnight trading against some of its major currency rivals. Investors are combing through the latest economic data and looking…
USD/TRY Holds Steady As Investors Assess Economic Landscape, Monitor Upcoming Election
The Turkish lira weakened against its major currency rivals toward the end of the trading week as investors monitor the government’s latest economic policies and…
USD/TRY Flat After Turkey Posts First Drop in Inflation in More Than a Year
The Turkish lira barely responded to the first drop in inflation in more than a year. Since the coronavirus pandemic, Turkey’s economy has been slammed…
Turkish Lira Plunges Again As Inflation Tops 83%; Erdogan Promises More Rate Cuts
The Turkish lira worsened against its US counterpart to start the trading week, as inflation soared and the government vowed to keep cutting interest rates….
Turkish Lira Crashes Again As Inflation Soars 70% to Two-Decade High
The Turkish lira is crashing again on Thursday after the country reported the highest level of inflation in more than two decades. The nation’s cost…