Thursday, October 13, 2016

Turkish Lira hits record low against dollar on political worries, Fed’s rate hike signals - FINANCE

Turkish Lira hits record low against dollar on political worries, Fed’s rate hike signals

ISTANBUL

The Turkish Lira hit a record low against the dollar on Oct. 13 over fears that political uncertainty could be triggered by a fresh government move to push through legislation introducing an executive presidential system, as well as U.S. Federal Reserve (Fed) signals about a possible interest rate hike.

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