The Turkish lira fell more than 5% on Thursday as investors sought safe havens after Russian forces invaded Ukraine, raising fears of fresh inflation pressures in Turkey and prompting Ankara to call for confidence in the local currency. The lira fell to 14.62 against the dollar, its lowest level since …
Read More »USD/TRY Approaches 13.70
The Turkish lira has added to its Friday’s losses and lifts USD/TRY pair to the upper end of the recent range near 13.70 on Monday.The USD/TRY pair flirts with the area of recent highs near 13.70 despite the renewed offered stance in the greenback and amidst the broad-based upbeat mood …
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