Open Demo Account
Home / Market Update / Forex Market / Turkish Lira Hits a New Record Low

Turkish Lira Hits a New Record Low

M. Ali 28 October, 2020 2:14 am Forex Market, Market Update

The Turkish Lira (TRY) declined on Tuesday to another record low, with expectations the USD/TRY pair could now reach an unprecedented 8.5 or 9 levels.

The Turkish currency’s losses since the beginning of the year against the US Dollar (USD) have now reached 20%.

The USD/TRY is higher for the day by 0.08% at 8.1930.

The pair has been moving throughout the day in a range between 8.1830 and 8.1964, after closing yesterday’s session at 8.1866.

Tags

Check Also

U.S. Jobless Claims Rise More Than Expected, Testing Labor Market Resilience After Fed Rate Cut

U.S. initial jobless claims climbed more than expected last week, breaking from the prior week’s …

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