tag Turkish Lira

Erdogan Says Turkey Faces ‘Economic Sabotage’ as Lira Plunges

EghtesadOnline: Turkish President Recep Tayyip Erdogan on Saturday said his political enemies are trying to sabotage the economy by speculating on the stock market, foreign exchange rate and interest rates after failing to overthrow his administration in July.
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Publish Date:04/December/2016 | 12:49

Erdogan Unleashes Fury at Markets on Eve of Turkey Rate Decision

EghtesadOnline: Turkish President Recep Tayyip Erdogan heightened his criticism of economic policy makers and bankers, warning that they risked provoking his intervention. The lira weakened to a record low and debt and equity markets slumped.
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Publish Date:24/November/2016 | 17:13

Turkish Lira Jump Proves Short-Lived as Central Bank Effect Ebbs

EghtesadOnline: The Turkish central bank’s unexpected interest-rate increase provided only a fleeting respite for the nation’s beleaguered currency, with the lira’s knee-jerk advance dissipating within hours of the decision to boost borrowing costs.
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Publish Date:24/November/2016 | 17:11

Turkish Lira Weakens to Record as Rising Fed Bets Add to Risks

EghtesadOnline: Turkey’s lira depreciated to an all-time low and its stock and bond markets sold off as expectations the U.S. will raise interest rates this year added to concern about the nation’s economic outlook.
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Publish Date:16/October/2016 | 08:58

Turkish Lira Drops on Downgrade as Oil Pressures Emerging Assets

EghtesadOnline: Emerging-market stocks sank with currencies as investors’ attention shifted to a meeting between oil producers later this week, while a cut to junk by Moody’s Investors Service in Turkey’s credit rating sent the nation’s equities and lira reeling.
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Publish Date:26/September/2016 | 08:46

Currencies Gripped by Political Risk, Oil Slumps

EghtesadOnline: Political risks rippled across foreign-exchange markets with the pound, Turkish lira and South Korean won leading declines, while gold rose on haven demand and Chinese buying. Stocks dropped with oil.
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Publish Date:09/January/2017 | 11:16

Erdogan Signals Preference for Longer Turkey Emergency Rule

EghtesadOnline: Turkey’s President Recep Tayyip Erdogan urged the government to extend the state of emergency, saying that “even 12 months” won’t be long enough to finish a crackdown following July’s coup attempt. The lira weakened.
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Publish Date:01/October/2016 | 08:33

Turkish Lira Slips Most in Two Weeks After Inflation Accelerates

EghtesadOnline: Turkey’s lira fell after data showed inflation accelerated more than forecast in July, undermining confidence in the central bank’s resolve to control price gains that eat into returns on the nation’s assets. Stocks and bonds also dropped.
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Publish Date:03/August/2016 | 19:44