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

Gold Plunges 2% as December Fed Hike Odds Hit 90%: Dollar Near 13-Month High Squeezes Bullion From Both Sides

Key Takeaways Gold falls sharply: Spot gold dropped 1.8% to $4,117.61 per ounce, while gold …