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Tag: Turkish Lira

Turkey inflation surges to nearly 25%

Turkish inflation surged to nearly 25 percent in September from a year earlier, official data showed on Wednesday, hitting its highest in 15 years and sharpening focus on whether the central bank will be able to deliver another hefty rate hike. The size of the increase – prices jumped by 6.3 percent from a month […]

Weekend Review: The Turkish Crisis Explained

On Friday. World markets were down after Turkey roiled the markets. In the United States, the Dow, S&P, and Nasdaq fell by 0.78%, 0.70%, and 0.65% respectively while in Europe, the Stoxx, DAX, FTSE, and CAC lost 2.05%, 2%, 0.97%, and 1.60% respectively. Today, futures point to a lower open by the major markets in […]

Options For the Turkish Lira as it Falls to an All Time Low

Turkey is an important country in Europe and Asia with a GDP of more than $850 billion. The country has in the past applied to join the European Union in a bid to become more Western. The country is known for its vehicle, machinery, and refined petroleum products. It is also known for its large […]