Open Demo Account
Home / Market Update / Forex Market / Turkish Lira Down 2% Against US Dollar

Turkish Lira Down 2% Against US Dollar

Adel 24 November, 2020 3:43 pm Forex Market, Market Update

The Turkish lira fell by up to 2% to more than 8 lira against the dollar on Tuesday, November 24, to continue its losses this week as investors exploited a strong recent rise to form positions of currencies and gold.

The pound fell to 8.05 against the US currency, compared to yesterday’s closing level of 7.8880. It narrowed its losses to 8 liras against the dollar later.

The currency hit a record low of 8.58 this month, before recovering. The lira is currently down 26% from its level at the end of 2019.

Tags

Check Also

Dow Steadies Near Record Highs as Fed Signals Pause on Further Rate Cuts

The Dow Jones Industrial Average hovered near record levels on Thursday as investors reassessed their …

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