Category: lira

Turkish Lira Dives Deeper After Erdogan Seeks Expulsions

October 25, 2021
ambassadorsBusiness & EconomyCompaniesEconomiesexpulsionliraMarketsMiddle EastTayyip ErdoganTurkishWorld
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ISTANBUL—The Turkish lira skidded to another all-time low of 9.85 on Monday after President Tayyip Erdogan said he had ordered the expulsion of ambassadors from the United States and nine other Western countries, risking a diplomatic rift. Concerns over possible fallout for foreign investment, combined with unease over the central bank’s surprisingly sharp rate cut…

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Risk Currencies’ Rally Pauses, Yen Recovers, Turkish Lira Sinks

October 21, 2021
Asia & PacificAustraliaBusiness & EconomyChinaChina Business & EconomyCompaniesCurrenciesDollarEconomieseconomyEuropeInternationalInvestmentliraMarketsMiddle EastrecoversriskUKUSUS NewsWorldyen
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LONDON—Australian and New Zealand dollars slipped from highs hit overnight, and the dollar fell versus the yen on Thursday, in what analysts said was profit-taking following a strong rally. The U.S. dollar index was flat on the day at 1051 GMT, at 93.669. Versus the Japanese yen, the dollar was down 0.3 percent at 114….

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Stocks Stall, Oil Cools, Evergrande and Lira Fall

October 21, 2021
AfricaAsia & PacificAustraliaBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeevergrandeHK BusinessHong KongInternationalInvestmentliraLocal NewsMarketsMedia & Big TechMiddle EastNew YorkNY NewsOilRegional-Local NewsstocksUKUSUS NewsWorld
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LONDON—World stocks slipped on Thursday as the upbeat mood that carried the Dow Jones and bitcoin to records a day earlier ran out of steam, while a pause in the oil rally stalled rising global bond yields. Turkey’s lira was backsliding towards record lows with the central bank expected to chop its interest rates again…

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Turkish Lira at New Lows After Erdogan Fires Bank Officials

October 14, 2021
Business & EconomydismissedEconomiesEuropeliraMonetary Policy CommitteeTurkishWorld
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ANKARA, Turkey—The Turkish lira hit record lows against the dollar Thursday after President Recep Tayyip Erdogan fired senior central bank officials, heightening concerns over the Turkish leader’s interference in the bank’s activities. Erdogan dismissed deputy central bank governors Semih Tumen and Ugur Namik Kucuk as well as Abdullah Yavas, a member of the bank’s monetary…

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