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Main » 2015 » October » 12 » Turkish lira plummeted after the bombings in Ankara
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Turkish lira plummeted after the bombings in Ankara
 
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The national currency of Turkey headed for the maximum reduction in the last five weeks, amid fears that investors will leave the country after the bombings in Ankara on Saturday, exacerbating an already difficult political situation in the country.

 

 

As of 8:44 am in Istanbul, the Turkish lira fell 1.1 percent to 2.9424 per dollar after the terrorist attack on a peaceful demonstration in Ankara, which killed at least 97 people. After falling by 21 percent, the lira has for the second is the worst performer among the currencies of 24 countries with emerging economies tracked by Bloomberg. The main stock index in Turkey Borsa Istanbul 100 fell 7.6 percent this year, while the yield on 10-year government securities Securities increased by 227 basis points to 10.29 percent.
 

Last week, the Turkish lira showed maximum growth during the period from May this year amid fading expectations of higher interest rates on the US Federal Reserve this year.

Source

According to the materials WELTRADE

 
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