Turkish lira collapses to new record lows past 20.40 vs. the US Dollar – by pabspiovano USDTRY Türkiye Currencies Crosses
The Lira's exodus accelerated after Erdogan's win on Sunday.The Turkish Lira magnifies its decline vs. the greenback and propelsThe Turkish Lira is poised for further weakness
The deep pullback in TRY comes pari passu with quite a pessimistic economic outlook for the country, which can even get worse after President Erdogan reaffirmed the continuation of the unorthodox policy of tackling the elevated inflation with low interest rates. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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