Here’s why there may be more pain in store for Turkey’s lira
Published: Aug 3, 2018 2:26 a.m. ET
Inflation data could spark further weakness: analyst AFP/Getty Images By Anneken Tappe Turkey’s lira has had a bad week, hitting fresh all-time lows versus the U.S. dollar as relations between Washington and Ankara soured. But it could get worse on Friday, when Turkish inflation data is due, said Win Thin, global head of emerging market currency strategy, at Brown Brothers Harriman.
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