FOREX TradingCharts.com

Forex News: Turkish Lira Drops To 1-1/2-year Low Against U.S.

Turkish Lira Drops To 1-1/2-year Low Against U.S. Dollar

03/16/2020 - 08:49:00 (RTTNews)

(RTTNews) - The Turkish Lira fell sharply against the U.S. dollar during the European session on Monday, as investors awaited a rate reduction by Turkey's central bank on Thursday.

The benchmark lending rate is expected to be reduced by 50 basis points to 10.25 percent.

Turkish Treasury and Finance Minister Berat Albayrak said that the government is set to announce financial and economic measures this week as the number of confirmed cases tripled to 18.

The Turkish Lira fell to a 1-1/2-year low of 6.4072 against the greenback from Friday's closing value of 6.3306. If the Lira falls further, it is likely to test downside target around the 6.7 region.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


U.S. Dollar Higher Amid Coronavirus Fears (29 min(s), 31 sec(s) ago)
(RTTNews) - The U.S. dollar firmed against its major counterparts in the European session on Frida ...Full Story»

Dollar Ticks Up Following U.S. Jobs Data (50 min(s), 31 sec(s) ago)
(RTTNews) - Following the release of U.S. nonfarm payrolls data for March at 8:30 am ET Friday, th ...Full Story»

Dollar Rises Vs Most Majors Ahead Of U.S. Jobs Data (44 min(s), 31 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, the Labor Department will release U.S. nonfarm payrolls data for ...Full Story»

Pound Falls Sharply As U.K. Services PMI Shrinks To Record Low (14 min(s), 31 sec(s) ago)
(RTTNews) - The pound moved down against its major counterparts in the European session on Friday, ...Full Story»

Euro Little Changed After Eurozone Retail Sales (20 min(s), 31 sec(s) ago)
(RTTNews) - At 5.00 am ET Friday, Eurostat has issued euro area retail sales for February. The eur ...Full Story»

Euro Mixed Ahead Of Eurozone Retail Sales (11 min(s), 31 sec(s) ago)
(RTTNews) - At 5.00 am ET Friday, Eurostat is scheduled to issue euro area retail sales for Februa ...Full Story»

Pound Little Changed After U.K. PMI Data (47 min(s), 32 sec(s) ago)
(RTTNews) - At 4.30 am ET Friday, UK final PMI data has been released. The pound changed little ag ...Full Story»

Pound Mixed Ahead Of U.K. PMI Data (41 min(s), 31 sec(s) ago)
(RTTNews) - At 4.30 am ET Friday, UK final PMI data is due. The final composite PMI is expected to ...Full Story»

Search

FOREX NEWS

U.S. Dollar Higher Amid Coronavirus Fears

04/03/2020 - 10:14 AM (RTTNews)
(RTTNews) - The U.S. dollar firmed against its major counterparts in the European session on Frida ...Full Story>>

Dollar Ticks Up Following U.S. Jobs Data

04/03/2020 - 08:34 AM (RTTNews)
(RTTNews) - Following the release of U.S. nonfarm payrolls data for March at 8:30 am ET Friday, th ...Full Story>>

Dollar Rises Vs Most Majors Ahead Of U.S. Jobs Data

04/03/2020 - 08:27 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, the Labor Department will release U.S. nonfarm payrolls data for ...Full Story>>

Pound Falls Sharply As U.K. Services PMI Shrinks To Record Low

04/03/2020 - 06:57 AM (RTTNews)
(RTTNews) - The pound moved down against its major counterparts in the European session on Friday, ...Full Story>>

Euro Little Changed After Eurozone Retail Sales

04/03/2020 - 05:03 AM (RTTNews)
(RTTNews) - At 5.00 am ET Friday, Eurostat has issued euro area retail sales for February. The eur ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.