Open Demo Account
Home / Market Update / Forex Market / The Turkish Lira Drops 1%, With Continuing Losses

The Turkish Lira Drops 1%, With Continuing Losses

Adel 29 March, 2021 1:38 pm Forex Market, Market Update

The Turkish lira lost more than 1% of its value on Monday, March 29, continuing its sharp decline since President Recep Tayyip Erdogan changed the central bank governor this month, leading to expectations of a loose monetary policy.

The lira was at 8.14 per dollar, down from 8.0775 at the close on Friday. Earlier it was down to 8.17.

Tags

Check Also

Market Drivers – US Session: Markets Brace for UK Jobs Data and US Retail Sales Amid Dollar Pullback

The US Dollar hit a speed bump, snapping a four-day winning streak as the US …

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