Posted inMiddle East, Turkey

Turkish lira plunges near all-time low

The Turkish lira dropped by nearly 2% against the US dollar this morning, trading just below 4.17 and close to its all-time low of 4.196 on April 11. All the emerging market “carry” (high-interest) currencies are trading weakly in anticipation of this afternoon’s Federal Reserve Open Market Committee announcement, but economic policy blunders make the […]

%d bloggers like this: