{"id":54624,"date":"2021-11-11T13:30:20","date_gmt":"2021-11-11T09:30:20","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=54624"},"modified":"2021-11-11T13:48:44","modified_gmt":"2021-11-11T09:48:44","slug":"the-turkish-lira-plunges-to-a-new-low-due-to-inflation-fears","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/the-turkish-lira-plunges-to-a-new-low-due-to-inflation-fears\/11\/11\/market-updates\/","title":{"rendered":"The Turkish Lira Plunges to a New Low Due to Inflation Fears"},"content":{"rendered":"\n<p>The Turkish lira plunged to a new record low against the dollar on Thursday after higher-than-expected US inflation data exacerbated concerns about a currency already battered by central bank monetary policy.<\/p>\n\n\n\n<p>The lira settled at 9.9050 against the dollar, after falling to 9.91 dollars and down 0.6 percent from the previous session&#8217;s closing. The Turkish currency has lost about 25 percent of its value this year.<\/p>\n\n\n\n<p>Inflation data in the US gave a boost to the dollar as investors weighed the possibility that the Federal Reserve (the US central bank) would tighten monetary policies earlier than expected.<\/p>\n\n\n\n<p>High US interest rates usually attract money from emerging economies with high external debt such as Turkey.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Turkish lira plunged to a new record low against the dollar on Thursday after higher-than-expected US inflation data exacerbated concerns about a currency already battered by central bank monetary policy. The lira settled at 9.9050 against the dollar, after falling to 9.91 dollars and down 0.6 percent from the previous session&#8217;s closing. The Turkish &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-54624","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\/54624","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=54624"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54624\/revisions"}],"predecessor-version":[{"id":54626,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54624\/revisions\/54626"}],"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=54624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=54624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=54624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}