Turkish Lira Drops To Record Low Against U.S. Dollar As Erdogan Wins Runoff Election

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.

RTTNews | 579 days ago

European Economic News Preview: Eurozone Flash PMI Data Due

Flash composite Purchasing Managers' survey from the euro area and the UK are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK public sector finance data for March. The budget deficit is seen at GBP 15.4 billion compared to GBP 10.7 billion in February.

RTTNews | 1h 16min ago

European Shares Set To Rise As Trade Tensions Ease

European stocks may open on a buoyant note Wednesday as optimism grew over a potential easing of trade tensions between the U.S. and China and U.S. President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell, helping calm investor concerns over the Fed's independence.

RTTNews | 1h 17min ago

Indian Rupee Falls To 2-day Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the Asian session on Wednesday, as terrorist attacks in Kashmir, India, weighed on sentiment.

RTTNews | 2h 16min ago

Commodity Currencies Rise Amid Hopes For US-China Trade Deal

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against other major currencies in the Asian session on Wednesday, after U.S. President Donald Trump said tariffs on China would be trimmed down from the current 145 percent rate. Reports also indicate that Treasury Secretary Scott Bessent told a closed-door investor summit he expects the trade dispute between the U.S. and China to de-escalate.

RTTNews | 2h 34min ago