Turkish Lira Drops To Record Low Against U.S. Dollar As Erdogan Wins Runoff Election
(RTTNews) - The Turkish lira dipped against the U.S. dollar on Monday, as Tayyip Erdogan won the country's presidential run-off election on Sunday.
Erdogan attained 52 percent of the vote in the second round of voting, whereas his opponent Kemal Kilicdaroglu got 47.86 percent.
The win gives him another five-year term, extending power until 2028.
The Turkish lira touched a record low of 20.07 against the greenback from yesterday's close of 19.87.
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Turkish Lira Falls To 4-week Low Against U.S. Dollar
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.
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458 days ago
Asian Markets A Sea Of Green
Asian stock markets are a sea of green on Monday, following the broadly positive cues from Wall Street on Friday, as traders remain cautiously optimistic on an improved outlook for interest rates after data showing a slower than expected pace of acceleration in US consumer price inflation raised hopes for more interest rate cuts by the US Fed next year. Asian markets closed mixed on Friday.
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5h 55min ago
Australian Market Extends Gains In Mid-market
The Australian stock market is extending its gains in mid-market trading on Monday, snapping a three-session losing streak, with the benchmark S&P/ASX 200 index moving well above the 8,100.00 level, with gains across most sectors led by technology, mining and energy stocks.
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6h 37min ago
Sensex, Nifty To Open On Upbeat Note As Fed Worries Ease
Indian shares look set to open on an upbeat note Monday after five straight sessions of losses.
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6h 53min ago
Thai Stock Market May Stop The Bleeding On Monday.
The Thai stock market has moved lower in back-to-back sessions, stumbling almost 35 points or 2.8 percent along the way. The Stock Exchange of Thailand now sits just above the 1,365-point plateau although it may find traction on Monday.
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7h 20min ago
Indonesia Stock Market May Extend Friday's Gains
The Indonesia stock market on Thursday halted the six-day losing streak in which it had plummeted more than 480 points or 5.6 percent. The Jakarta Composite Index now rests just above the 6,980-point plateau and it may pick up steam on Monday.
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7h 50min ago
Japanese Market Significantly Higher
The Japanese stock market is trading significantly higher on Monday, snapping a six-session losing streak. The benchmark S&P/ASX 200 is moving a tad above the 39,000 mark, following the broadly positive cues from Wall Street on Friday, with gains across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews
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7h 56min ago
Higher Open Anticipated For Hong Kong Stock Market
The Hong Kong stock market has moved lower in two straight sessions, shedding more than 140 points or 0.7 percent along the way. The Hang Seng Index now rests just above the 19,720-point plateau although it's got a firm lead for Monday's trade.
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8h 5min ago
