Home / Market Update / Forex Market / The Turkish Lira is Down 2.5%

The Turkish Lira is Down 2.5%

The Turkish lira fell about 2.5 percent on Thursday, after rising the previous day, as fears of rising inflation due to unconventional policies aimed at boosting exports and growth persisted.

The lira settled at 13.62 against the dollar at 0610 GMT, down from 13.2890 at the close the previous day. The Turkish currency rose about 4.7 percent to 13.15 late on Wednesday.

The lira lost 44 percent of its value against the dollar last year.

Check Also

Gold Fights Back Above $4,000 as Markets Weigh Inflation and Rate Risks

Precious Metal Attempts to Stabilize After Sharp Sell-OffGold showed signs of resilience on Tuesday after …