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Friday, March 06, 2015

Turkish lira hit by political risk concerns - FT.com

Turkish lira hit by political risk concerns

Daniel Dombey in Istanbul

Recep Tayyip Erdogan's remarks might have been meant for a local audience but appear to have failed to impress abroad

The Turkish lira dropped to the latest of a series of all-time lows against the dollar on Thursday, falling more than 2 per cent to TL2.6180 to the US currency, on the back of what many analysts said were fundamentally political concerns.

More:Turkish lira hit by political risk concerns - FT.com