Lira Hits a Fresh low, All Eyes on CBRT

The Turkish lira retreated to a fresh record low at 7.58 against the dollar as attention shifted towards the central bank meeting scheduled for September 24 and the possibility of more indirect monetary tightening measures or even an outright interest rate hike.

At 06:52 GMT, the lira was only slightly above its all-time low, at 7.5775, compared to 7.5650 at Friday’s close.

The currency has fallen more than 21% against its US counterpart since the beginning of this year.