Home / Market Update / Forex Market / Turkish Lira Hits New Record Low

Turkish Lira Hits New Record Low

The Turkish Lira (TRY) hit another record low on Thursday as the USD/TRY pair reached 7.95, getting close to an unprecedented level of 8.

Ankara’s monetary policy has been heavily criticized as it is failing to stop the local currency’s wounds.

USD/TRY is currently trading at 7.9323, up by 0.28% for the day.

The pair has been moving in a range between 7.9042 and 7.9516, after closing Wednesday at 7.9105.

Check Also

Geneva framework: Will Trade Deals Dodge Looming Tariff Storm?

The U.S. dollar surged on news of advancing trade talks, particularly with China. U.S. Commerce …