Open Demo Account
Home / Market Update / Forex Market / The Turkish Lira Rises by More Than 1% And Compensates For Some of Its Losses

The Turkish Lira Rises by More Than 1% And Compensates For Some of Its Losses

Adel 24 March, 2021 1:05 pm Forex Market, Market Update

The Turkish lira rose more than 1% on Wednesday, March 24, to offset some of the losses it incurred after President Recep Tayyip Erdogan’s surprise decision at the weekend to change the central bank governor to the last opponent of tightening fiscal policy.

The lira reached 7.8650 dollars against the dollar, up from about 7.97 on Tuesday, after plunging to a near-record low on Monday.

The currency is still down 8% since the central bank governor was replaced early Saturday.

Tags

Check Also

Bitcoin Plummets to 4-Month Low Amid Mt Gox, Political Turmoil

Bitcoin’s price took a nosedive on Friday, sinking to a four-month low as concerns over …

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