Site Search
Google Search
search button

Breaking News:

Trump's Inaugural Fund and Super Pac Being Examined for Illegal Foreign Donations      - | -     During Hush Money Discussions, Trump Was in the Room with Cohen and Pecker      - | -     7-Year-OIld Migrant Girl Dies of Exhaustion, Dehydration While in Border Patrol Custody      - | -     Mueller's Investigation Reaching Beyond Russia to Include the Middle East Influence      - | -     GOP Congressman Invokes 'The Deep State'
Turkish Lira Is Dropping Fast
Get Business & Technology Alerts

viewsViews 215
10 Aug 2018 08:30 AM EST

Thomson Reuters The Turkish lira has fallen more than 10% against the dollar after a Turkish delegation in Washington failed to prevent US sanctions. There are concerns that contagion could spread to Europe. The euro dropped below 1.15 against the dollar on Friday. "[The lira] is falling so fast that a parachute is the first thing that comes to mind to prevent the lira smashing into the ground," Bart Hordijk, Market Analyst at Monex, Europe told Business Insider. Turkish President Recep Erdogan and his newly appointed finance minister Berat Albayrak are due to speak at 2 p.m. local time today.

Post Your Comment
Excellent Very Good Good Fair Poor

Recently Posted Comments
AllMediaNY AllMediaNY AllMedaiNY