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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Canadian Market Set To End On Bright Note
The Canadian is up firmly in positive territory Thursday afternoon, and looks well on course to end the session on a buoyant note with stocks from technology, energy, industrials and financials sectors continuing to attract strong buying.
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Canadian Dollar Climbs Against Majors
The Canadian dollar advanced against its most major counterparts in the New York session on Thursday amid higher oil prices, as Russia-Ukraine tensions intensified and fuelled concerns about disruption in oil supplies.
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Eurozone Consumer Confidence Sinks To Lowest In 5 Months
Consumer sentiment in the euro area deteriorated more than expected to its lowest level in five months in November, preliminary results of a survey by the European Commission showed on Thursday. The flash consumer confidence index for Eurozone fell to -13.7 from -12.5 in October. Economists were looking for a score of -13.0.
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Swiss Market Ends On Firm Note
The Switzerland market drifted down into the red after a flat start on Thursday, but began edging higher past noon, and despite a mild setback around mid afternoon, closed higher thanks to a few frontline stocks finding good support in the final hour.
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European Markets Close Higher As Stocks Rise On Late Buying
European stocks closed higher on Thursday with some markets moving into positive territory well past mid afternoon, as investors digested regional and U.S. economic data, and corporate news, in addition to following the developments on the geopolitical front.
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U.S. Leading Economic Index Falls Slightly More Than Expected In October
A reading on leading U.S. economic indicators fell by slightly more than expected in the month of October, the Conference Board revealed in a report released on Thursday. The Conference Board said its leading economic index slid by 0.4 percent in October after dipping by a revised 0.3 percent in September.
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U.S. Existing Home Sales Rebound More Than Expected In October
Existing home sales in the U.S. rebounded by more than expected in the month of October, according to a report released by the National Association of Realtors on Thursday. The report said existing home sales surged by 3.4 percent to an annual rate of 3.96 million in October after slumping by 1.3 percent to a revised rate of 3.83 million in September.
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