{"id":53299,"date":"2021-10-22T16:37:03","date_gmt":"2021-10-22T12:37:03","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=53299"},"modified":"2021-10-22T16:37:08","modified_gmt":"2021-10-22T12:37:08","slug":"the-turkish-lira-continues-to-slide","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/the-turkish-lira-continues-to-slide\/10\/22\/market-updates\/","title":{"rendered":"The Turkish Lira Continues to Slide"},"content":{"rendered":"\n<p>The Turkish lira is still recording a strong decline during trading and is heading towards the abyss, especially with the continued achievement of record low levels against the US dollar after the Turkish Central Bank&#8217;s decision to cut interest rates.<\/p>\n\n\n\n<p>During Friday\u2019s trading, the dollar-lira exchange rate rose to the level of 9.6641 before declining to currently 9.5778, an increase of 0.79% on a daily basis, which is historical record lows for the Turkish lira currency against the US dollar.<\/p>\n\n\n\n<p>The Turkish lira fell during today&#8217;s trading due to its damage to the expectations of JPMorgan in which inflation is likely to rise sharply in Turkey, as inflation is expected to stabilize in Turkey at 19.9% \u200b\u200bthis year and 16.4% next year. The bank also expected that the Turkish Central Bank will cut interest rates by an additional 100 basis points during next November, which will have a negative impact on the Turkish lira trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Turkish lira is still recording a strong decline during trading and is heading towards the abyss, especially with the continued achievement of record low levels against the US dollar after the Turkish Central Bank&#8217;s decision to cut interest rates. During Friday\u2019s trading, the dollar-lira exchange rate rose to the level of 9.6641 before declining &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-53299","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\/53299","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=53299"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53299\/revisions"}],"predecessor-version":[{"id":53300,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53299\/revisions\/53300"}],"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=53299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=53299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=53299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}