Open Demo Account
Home / Market Update / Forex Market / The Rise in The Turkish Lira After The Central Bank Pledged to Tighten Monetary Policy

The Rise in The Turkish Lira After The Central Bank Pledged to Tighten Monetary Policy

Adel 2 April, 2021 12:30 pm Forex Market, Market Update

The Turkish lira rose more than 1% against the dollar on Friday, supported by a drop in US bond yields, a day after the new central bank governor pledged that tight monetary policy would remain as it was.

The pound rose to 7.9890 against the dollar, from 8.1 at the close on Thursday. it was recorded at 8.02. The currency fell to near-record lows in March after President Recep Tayyip Erdogan appointed the new governor of the central bank.

Volume is thin at the session due to a working holiday in Europe and elsewhere.

Tags

Check Also

Market Drivers – US Session: Dollar Wobbles as Economic Fears and Fed Caution Grip Markets

The US dollar is showing signs of vulnerability, lingering near the lower end of its …

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