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Turkey’s lira slides further to 17.1 against dollar

turkish lira

The Turkish lira weakened 0.5 per cent against the dollar early on Wednesday, hit by broad strength in the U.S. currency and by investor concerns about soaring inflation and economic policies to deal with it.

The lira, which lost 1 per cent of its value a day earlier, slipped as far as 17.1 from a close of 17.02 on Tuesday. It has lost 23 per cent of its value against the dollar this year, on top of a 44 per cent slump last year.

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