Turkish Lira Falls To 4-week Low Against U.S. Dollar
(RTTNews) - The Turkish Lira fell against the U.S. dollar in the New York session on Thursday, despite a 500 basis-point hike by the Turkish central bank.
Turkey's central bank raised the policy rate to 30 percent from 25 percent, citing rising inflation and fuel prices.
Inflation readings were above expectations in July and August, the bank said.
"As the strong course of domestic demand and the stickiness of services inflation persist, the increase in oil prices and the ongoing deterioration in inflation expectations pose additional upside risks to inflation."
The Turkish Lira touched 27.12 against the greenback, its lowest level since August 24, when it reached a record low.
read more
Turkish Lira Drops To Record Low Against U.S. Dollar As Erdogan Wins Runoff Election
The Turkish lira dipped against the U.S. dollar on Monday, as Tayyip Erdogan won the country's presidential run-off election on Sunday.
RTTNews
|
574 दिनों पहले
Swiss Franc Slides Against Majors
The Swiss franc weakened against other major currencies in the European session on Monday.
RTTNews
|
5घंटे 4 मिनट पहले
CAC 40 Drifts Lower In Cautious Trade
French stocks drifted lower on Monday against the backdrop of Europe's tumultuous political backdrop and worries over potential tariffs under the incoming Trump administration in the U.S.
RTTNews
|
5घंटे 8 मिनट पहले
DAX Dips Ahead Of Holiday Break
German stocks edged lower in cautious trade on Monday ahead of upcoming Christmas holidays.
RTTNews
|
5घंटे 20 मिनट पहले
Asian Shares Follow Wall Street Higher On US Inflation Relief
Asian stocks followed Wall Street higher on Monday after the Federal Reserve's preferred inflation gauge came in below expectations, fueling hopes for more rate cuts by the U.S. Federal Reserve in 2025.
RTTNews
|
5घंटे 34 मिनट पहले
UK Economy Flatlines In Q3
The UK economy stalled in the third quarter as the services sector posted nil growth and the moderate expansion in construction was offset by the fall in industrial production, the Office for National Statistics reported Monday. Real gross domestic product remained flat in the third quarter, which was revised down from the 0.1 percent rise estimated initially. This follows a 0.4 percent expansion.
RTTNews
|
5घंटे 53 मिनट पहले
European Shares Seen Broadly Higher As US Averts Government Shutdown
European stocks are likely to open mostly higher on Monday, heading into a holiday-shortened week.
RTTNews
|
8घंटे 34 मिनट पहले
European Economic News Preview: UK GDP Data Due
Quarterly GDP data from the UK is the only major economic report due on Monday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP data. The economy is forecast to grow marginally by 0.1 percent, as initially estimated in the third quarter, following a 0.5 percent expansion in the second quarter.
RTTNews
|
8घंटे 49 मिनट पहले
