Open Demo Account
Home / Market Update / Forex Market / The Turkish Lira Drops 1% After New Measures Regarding Coronavirus

The Turkish Lira Drops 1% After New Measures Regarding Coronavirus

Adel 1 December, 2020 4:44 pm Forex Market, Market Update

The Turkish lira fell on Tuesday, December 1, by 1% against the dollar, after the government imposed new general isolation measures for the weekend and other measures to combat a record jump in infections and deaths from the Coronavirus.

The currency fell to 7.91 by 08:30 GMT. The currency stabilized on Monday after three sessions of gains, after hitting an all-time low of 8.58 last month.

Tags

Check Also

AUD Plummets to Five-Year Low as China’s Tariff Bombshell Rocks Global Markets

In a dramatic twist of global economic fortunes, the Australian dollar has crashed to 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