Turkish Lira Falls To 4-week Low Against U.S. Dollar
21 Settembre 2023 - 1:31PM
RTTF2
The Turkish Lira fell against the U.S. dollar in the New York
session on Thursday, despite a 500 basis-point hike by the Turkish
central bank.
Turkey's central bank raised the policy rate to 30 percent from
25 percent, citing rising inflation and fuel prices.
Inflation readings were above expectations in July and August,
the bank said.
"As the strong course of domestic demand and the stickiness of
services inflation persist, the increase in oil prices and the
ongoing deterioration in inflation expectations pose additional
upside risks to inflation."
The Turkish Lira touched 27.12 against the greenback, its lowest
level since August 24, when it reached a record low.
Grafico Cross US Dollar vs TRY (FX:USDTRY)
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Grafico Cross US Dollar vs TRY (FX:USDTRY)
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