Open Demo Account
Home / Market Update / Forex Market / The Turkish Lira Falls to Its Lowest Level

The Turkish Lira Falls to Its Lowest Level

Adel 20 September, 2021 3:53 pm Forex Market, Market Update

The Turkish lira lost about 0.4% of its value against the dollar on Monday, September 20, and hit its lowest level since July 9, under pressure from the dollar’s rally ahead of the Turkish Central Bank’s meeting to set the interest rate this week.

The lira fell to 8.6835 compared to Friday’s close of 8.65 and lost nearly 3% against the dollar in three trading sessions.

The Turkish lira fell by more than 1.3% on Friday, September 17, to 8.65 against the dollar, which was its lowest level since August 11.

Tags

Check Also

Semi-Annual Policy Report: Fed needs greater confidence before moving to rate cuts

In its Semi-Annual Monetary Policy Report published on Friday, the Federal Reserve (Fed) noted that …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends