Cyprus Mail
Banking and FinanceBusinessInternationalTurkey

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.

Follow the Cyprus Mail on Google News

Related Posts

Render and Jupiter show strength amid mild bearish wave as NuggetRush presale looks ahead to massive price surge at launch

CM Guest Columnist

Nvidia’s dizzying rally spurs rush into AI-themed ETFs

Reuters News Service

For sterling, the next Bank of England move is anyone’s guess

Reuters News Service

Oil slips as Russia lifts supplies, jet fuel demand stirs caution

Reuters News Service

EV startup Fisker to raise funds, pause production after missing interest payment

Reuters News Service

Reddit’s IPO as much as five times oversubscribed, according to sources

Reuters News Service