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Monday, September 28, 2020

Turkish lira skids to new lows as Caucasus clashes weigh | Reuters

Turkish lira skids to new lows as Caucasus clashes weigh
By Daren Butler, Nevzat Devranoglu

ISTANBUL (Reuters) - The lira skidded to record lows against the dollar, euro and pound on Monday amid concern that Turkey could get more involved in a fast-escalating conflict in the Caucasus, despite last week’s surprise rate hike meant to support the currency.

More:Turkish lira skids to new lows as Caucasus clashes weigh | Reuters