{"id":49507,"date":"2021-08-17T16:28:59","date_gmt":"2021-08-17T12:28:59","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=49507"},"modified":"2021-08-17T16:29:01","modified_gmt":"2021-08-17T12:29:01","slug":"the-turkish-lira-at-its-strongest-level-in-two-weeks-against-the-dollar","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/the-turkish-lira-at-its-strongest-level-in-two-weeks-against-the-dollar\/08\/17\/market-updates\/","title":{"rendered":"The Turkish Lira at Its Strongest Level in Two Weeks Against The Dollar"},"content":{"rendered":"\n<p>On Tuesday, August 17th, the Turkish lira touched its strongest level against the US currency in nearly two weeks after investors&#8217; concerns about a possible further easing in monetary policy eased.<\/p>\n\n\n\n<p>The lira reached 8.39 against the dollar, rising from a closing level of 8.4550 on Monday.<\/p>\n\n\n\n<p>Last week, Turkey&#8217;s central bank kept its key interest rate steady at 19%, reiterating its pledge to tighten policies in the face of high inflation.<\/p>\n\n\n\n<p>Despite its gains since last week, the lira is still down more than 11% since the start of the year.<\/p>\n\n\n\n<p>Traders said that the decline in oil prices and the recovery of tourism revenues are also contributing to determining the path that the lira will follow.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, August 17th, the Turkish lira touched its strongest level against the US currency in nearly two weeks after investors&#8217; concerns about a possible further easing in monetary policy eased. The lira reached 8.39 against the dollar, rising from a closing level of 8.4550 on Monday. Last week, Turkey&#8217;s central bank kept its key &hellip;<\/p>\n","protected":false},"author":9,"featured_media":37851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7095],"class_list":["post-49507","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=49507"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49507\/revisions"}],"predecessor-version":[{"id":49508,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49507\/revisions\/49508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/37851"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=49507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=49507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=49507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}