Open Demo Account
Home / Market Update / Forex Market / The Turkish lira depreciates for the seventh consecutive session

The Turkish lira depreciates for the seventh consecutive session

Adel 13 May, 2022 11:56 am Forex Market, Market Update

The Turkish lira fell for the seventh consecutive session against the dollar on Friday, bringing its losses to nearly five percent since last Wednesday, and heading towards its record lows last December.

The lira fell to 15.4675 against the US currency and settled at 15.4410 per dollar at 0707 GMT.

The lira lost about 15 percent of its value this year, in addition to its 44 percent decline in 2021.

Tags

Check Also

Asian Markets Retreat as U.S.–China Trade Tensions Resurface; Japan and China Lead Declines

Most Asian stock markets extended losses on Thursday, dragged down by renewed U.S.–China trade tensions …

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