Why The Turkish Lira Continues To Fall
Jun. 26, 2015 3:21 AM ET | Includes: TKF, TUR
With policymakers clearly wanting to loosen policy further, its currency could weaken in coming months.
The Turkish lira is declining as lower inflation expectations and declining business sentiment may push the lending rate lower in coming months. The U.S. dollar has risen against the Turkish lira by 17% in 2015.
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