The Turkish lira is Witnessing a Sudden Rise

The Turkish lira rose sharply today, Thursday, to succeed in descending below the 10.34 lira/dollar, while it is very close to the levels of 10.

The Turkish lira jumped against the dollar during these moments by more than 11%, as it was seen at levels of 10.34 lira/dollar, which is the highest level against the dollar since the last November 17 session, which came after the decision to cut interest rate.

The Turkish lira recorded its highest level against the dollar in 4 weeks, as it was seen at levels of 11.6856 TRY/USD.