Tag Archives: Turkey

The Turkish lira fell more than 1 percent to a new record low on Tuesday, while President Recep Tayyip Erdogan was choosing who would run economic policies in his government after winning Sunday’s re-election. The lira recorded an all-time low of 20.34 against the dollar, down from the closing level …

The Turkish lira fell to a new record low of 20.2 against the dollar on Tuesday, extending losses incurred since President Recep Tayyip Erdogan’s victory in Sunday’s presidential run-off. The lira fell 0.5 percent from the closing level it recorded on Monday at 20.0990 pounds per dollar, which was its …

The Turkish lira fell to a new record low against the dollar on Monday, but stocks rose after President Recep Tayyip Erdogan won re-election on Sunday, ushering his increasingly authoritarian rule into a third decade. The lira fell to 20.065 pounds per dollar in early European trading, surpassing the previous …

Turkish stocks fell on Monday as the presidential election appeared to be headed for a run-off and incumbent President Recep Tayyip Erdogan advanced. The main index of Turkish stocks fell more than six percent at the open, which led to a halt to trading on the stock exchange before it …

The Turkish lira fell to its lowest level in two months as financial markets began trading in the aftermath of the presidential and parliamentary elections that took place on Sunday, amid expectations that the presidential race is heading to a run-off. The lira fell to 19.70 against the dollar, before …

Official Turkish data showed on Wednesday that the country’s industrial output jumped 5.5 percent in March on a seasonally adjusted basis and in light of calendar factors from the previous month, a month after devastating earthquakes hit the south of the country. The Turkish Statistical Institute said output fell 0.1 …

Turkish annual inflation slowed to 43.68% in April, official data showed on Wednesday, easing ahead of elections that polls show President Tayyip Erdogan risks losing largely due to a cost-of-living crisis. Unorthodox rate cuts sought by Erdogan sparked a currency crisis in late 2021, sending inflation to a 24-year peak …

The Turkish Exporters Association said on Tuesday that the country’s exports to Russia jumped 262 percent year-on-year in March, reflecting the sharp increase in bilateral trade since Russia’s invasion of Ukraine last year prompted Western sanctions against Moscow. Türkiye opposes the war but also opposes Western sanctions. A senior export …

Turkish factory activity continued to grow in March, with both new orders and production increasing despite the continuing repercussions of the devastating earthquakes that hit the country in February on the sector. According to the Istanbul Chamber of Industry and Standard & Poor’s Global, the purchasing managers’ index in the …

According to the US Department of Commerce, PCE was lower than expected, which sparked rumours about Fed’s next move. Once several oilfields in the Kurdish area in northern Iraq saw their output decrease, oil prices increased.After reaching a YTD low of $64.41, WTI, the US crude oil benchmark, is expected …