Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Turkish lira slides four percent against dollar

Published 17/08/2018, 10:59
Updated 17/08/2018, 10:59
© Reuters. FILE PHOTO: A U.S. dollar banknote is seen on top of 50 and 100 Turkish lira banknotes in this picture illustration in Istanbul

© Reuters. FILE PHOTO: A U.S. dollar banknote is seen on top of 50 and 100 Turkish lira banknotes in this picture illustration in Istanbul

ISTANBUL (Reuters) - The Turkish lira weakened 4 percent against the dollar on Friday as investors fretted about a U.S warning that Turkey should expect more economic sanctions unless it hands over detained American pastor Andrew Brunson.

© Reuters. FILE PHOTO: A U.S. dollar banknote is seen on top of 50 and 100 Turkish lira banknotes in this picture illustration in Istanbul

The lira weakened as far as 6.0600, bringing its losses against the dollar this year to 37 percent as worsening relations between the NATO allies added to losses driven by concerns over President Tayyip Erdogan's influence over monetary policy.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.