You Searched For "lira" and got 20 results
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2 mins read
The Japanese yen's underlying forces are so weak the currency is in the 'same league' as the Argentine peso and Turkish lira, Deutsche Bank says
Intervention by the Bank of Japan in currency markets won't help the yen, and may actually backfire…
Filip De Mott
1 min read
The Turkish lira plunges to its lowest level on record after central bank hikes interest rates by 650 basis points in inflation fight
Economists had expected an interest rate spike to 20%, while Goldman Sachs saw an increase to a sky…
Matthew Fox
1 min read
The Turkish lira is so insane now, even notoriously volatile cryptocurrencies are looking safe
The volume of cryptocurrency trading in Turkey has soared above one million per day amid the lira's…
Natasha Dailey
2 mins read
3 YouTubers were reportedly arrested in Turkey after posting interviews with people criticizing the country's financial crisis
The YouTubers interviewed people on the street about the impact of the country's financial crisis, …
Lindsay Dodgson
1 min read
Turkey stocks drop, lira hovers near record low as President Erdogan declares a 3-month state of emergency after devastating earthquake
Steep losses in Turkish stocks triggered two trading halts on Tuesday as the country works through …
Carla Mozée
2 mins read
The Turkish lira is facing an inflation spiral and its central bank may need 'outside help' to fight the crisis and regain foreign investors' trust, Commerzbank says
The lira is in crisis, inflation is spiralling and Turkish monetary policy has lost all credibility…
Sophie Kiderlin
2 mins read
Turkish Lira hits record low after the country's central bank moves forward with another rate cut despite soaring inflation
The lira is down nearly 30% year-to-date relative to the US dollar, and is down about 70% over the …
Matthew Fox
1 min read
Turkish president Erdoğan mocks the UK's pound and says the currency has 'blown up', even as the Turkish lira faces its own economic crisis
"They were bragging about the pound on how valuable they are against this and that," said Erdoğan. …
Huileng Tan
2 mins read
Bitcoin tumbles 5% from record highs amid Turkey's crypto-payments ban starting April 30
Cryptocurrencies have picked up steam in Turkey as investors sought various hedges against the unst…
Isabelle Lee
2 mins read
Turkey says it will ban the use of cryptocurrencies as a form of payment
Cryptocurrencies have surged in popularity in Turkey as the lira has weakened and inflation has ris…
Sophie Kiderlin
2 mins read
Turkish lira crashes as much as 14% after the firing of the head of the central bank sparks market turmoil
The lira is tumbling, as well as domestic stocks and bonds, after the Turkish premier installed the…
Sophie Kiderlin
2 mins read
US tech stock futures rise as bond yields cool after Fed comments, while the Turkish lira plunges
Soothing words from the Fed helped calm the bond market, while Turkey's currency tumbled after the …
Harry Robertson
2 mins read
Turkey's central bank just made a surprise rate cut even as inflation hovers near 80%, driving the lira near record lows against the dollar
Turkey's rate cut to 13% from 14% was unexpected, with all 21 economists surveyed by Bloomberg expe…
Carla Mozée
3 mins read
Turkish lira soars by the most in over two years after surprise sacking of central bank governor at the weekend
Turkey's lira rises by the most since August 2018, after President Tayyip Erdogan sacked the head o…
Amanda Cooper
2 mins read
Stocks rise as Turkish lira steadies
Stocks rose Tuesday as investors turned from a currency crisis in Turkey to solid economic data and…
Gina Heeb
2 mins read
Turkish lira rebounds as Erdogan is sworn in as president
Concerns about how Turkey will manage the lira, which hit an all-time low in May, under another Erd…
Gina Heeb
2 mins read
The Turkish lira is tumbling
"Past reform suggests that these will have little lasting impact," wrote William Jackson, senior em…
Elena Holodny
2 mins read
Turkey is investigating JPMorgan after the bank advised clients to short the lira
Hysteria from Turkey's leader over the lira's value is nothing new. Banks regularly write market co…
Callum Burroughs
2 mins read
Rupee hits another all-time low, but India need not worry yet
All in all, trade tensions aren’t going to subside anytime soon putting the rupee under cont…
1 min read
Will Chinese smartphone manufacturers be able to absorb the rupee shock?
It’s no secret that Chinese smartphone manufacturers in India operate on thin margins, especially w…