Turkish Lira
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Turkish lira hits record low, down 20 percent against dollar this year
EghtesadOnline: The Turkish lira tumbled more than 5 percent on Wednesday before recovering some ground, the latest drop in a sell-off that reflects growing investor alarm over the direction…
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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.…
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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…
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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…
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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…
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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…
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Turkish Lira Declines to Record as Rising Fed Bets Add to Risks
EghtesadOnline: Turkey’s lira weakened to a record as deteriorating economic data added to concerns about the nation’s outlook amid rising expectations that the Federal Reserve will boost U.S.…
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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…
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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…
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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…