Open Demo Account
Home / Market Update / Forex Market / The Turkish Lira Down About 2% With The Return of Concerns About The Central Bank

The Turkish Lira Down About 2% With The Return of Concerns About The Central Bank

Adel 26 March, 2021 4:16 pm Forex Market, Market Update

The Turkish lira fell to 8.09 against the dollar on Friday as investors remain concerned about the sudden dismissal by President Recep Tayyip Erdogan of the central bank governor and his replacement with another supporter of tightening monetary policy.

The pound fell by up to 1.9% against the US currency and stood at 8.05, falling from a close of 7.9350 on Thursday. The currency has lost more than 10% of its value since the end of last week.

Tags

Check Also

Fed Faces Political Heat as Tariffs Stall Inflation Progress and Rate-Cut Path Narrows

Federal Reserve officials delivered a carefully calibrated message Tuesday: the U.S. economy remains resilient, but …

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