Open Demo Account
Home / Breaking News / Lira Hits a Fresh low, All Eyes on CBRT

Lira Hits a Fresh low, All Eyes on CBRT

Adel 21 September, 2020 11:41 am Breaking News, Market Update

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.

Tags

Check Also

Is Gold Price’s Recent Dip a Sign of Trouble or Opportunity?

Gold is down -0.06%, trading at $ 2,937.36 per ounce. Gold prices experienced a slight …

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