{"id":55618,"date":"2021-11-25T10:33:00","date_gmt":"2021-11-25T06:33:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=55618"},"modified":"2021-11-25T11:34:07","modified_gmt":"2021-11-25T07:34:07","slug":"the-turkish-lira-is-recovering-after-record-lows","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/the-turkish-lira-is-recovering-after-record-lows\/11\/25\/market-updates\/","title":{"rendered":"The Turkish lira is Recovering After Record Lows"},"content":{"rendered":"\n<p>The Turkish lira continued its recovery Thursday, November 25, after a historic plunge to record lows this week sparked by President Recep Tayyip Erdogan&#8217;s defense of interest rate cuts.<\/p>\n\n\n\n<p>The lira was trading at 11.85 against the dollar, as it rose about 1.9% from about 12.0820 yesterday, Wednesday.<\/p>\n\n\n\n<p>The lira hit its lowest level against the dollar on Tuesday at 13.45.<\/p>\n\n\n\n<p>45% decline in the Turkish lira since the beginning of 2021<\/p>\n\n\n\n<p>The Turkish currency recorded its lowest levels ever against the dollar in 11 consecutive sessions before Wednesday, bringing its losses since the beginning of the year to 45% of its value, and incurring about half of those losses since the beginning of last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Turkish lira continued its recovery Thursday, November 25, after a historic plunge to record lows this week sparked by President Recep Tayyip Erdogan&#8217;s defense of interest rate cuts. The lira was trading at 11.85 against the dollar, as it rose about 1.9% from about 12.0820 yesterday, Wednesday. The lira hit its lowest level against &hellip;<\/p>\n","protected":false},"author":9,"featured_media":35831,"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-55618","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\/55618","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=55618"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55618\/revisions"}],"predecessor-version":[{"id":55619,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55618\/revisions\/55619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/35831"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=55618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=55618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=55618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}