Home / Market Update / Forex Market / The Turkish Lira Drops More Than 2% With the Rise of The US Dollar

The Turkish Lira Drops More Than 2% With the Rise of The US Dollar

The Turkish lira fell more than 2% against the dollar, with continued gains in the US currency amid hopes of further stimulus for the US economy.

The lira was at 7.47 against the dollar, compared to Friday’s closing level of 7.3550.

Earlier, the pound had fallen about 2.2% to 7.52 pounds against the dollar

Check Also

European Stocks Edge Higher as Markets Weigh Iran Risks, U.S. Inflation and Earnings Season

European equities traded mixed to slightly higher on Tuesday, as investors balanced a positive lead …