Turkish Lira Drops To 5-1/2-month Low Against U.S. Dollar
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.
US Dollar vs TRY (FX:USDTRY)
FXチャート
から 5 2024 まで 6 2024
US Dollar vs TRY (FX:USDTRY)
FXチャート
から 6 2023 まで 6 2024
