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Forex News: Turkish Lira Slides To More Than 2-month Low

Turkish Lira Slides To More Than 2-month Low Against U.S. Dollar

09/27/2017 - 08:55:00 (RTTNews)

(RTTNews) - The Turkish Lira weakened against the U.S. dollar in the European session on Wednesday, amid a win vote in the landmark Kurdish independence referendum in Iraq that was held despite opposition from Baghdad and neighbouring countries.

Turkish President Recep Tayyip Erdogan threatened to impose sanctions against the Kurdish region as he views the referendum as a threat to its own national security and would trigger separatism among its own Kurdish population.

The Turkish Lira slipped to more than a 2-month low of 3.5840 against the greenback, compared to Tuesday's closing value of 3.5376. The next possible support for the Lira is seen around the 3.7 region.

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