Turkish Lira Drops To 5-1/2-month Low Against U.S. Dollar
07 Giugno 2022 - 10:34AM
RTTF2
The Turkish Lira depreciated against the U.S. dollar during the
European session on Tuesday, as the nation's President Recep Tayyip
Erdogan promised more rate cuts despite high inflation.
Erdogan said on Monday that the government would continue
cutting the rates and that higher borrowing costs would only make
"the rich richer and the poor poorer."
The Turkish Lira fell to 16.76 against the greenback, its lowest
level since December 2021. The currency is seen finding downside
target around the 18.00 level.
Grafico Cross US Dollar vs TRY (FX:USDTRY)
Da Mag 2024 a Giu 2024
Grafico Cross US Dollar vs TRY (FX:USDTRY)
Da Giu 2023 a Giu 2024
