Turkish lira falls 1 percent for second day as stocks decline
Güncelleme Tarihi:
Hurriyet DN Online with wires
Oluşturulma Tarihi: Ocak 13, 2009 14:19
The Turkish currency lira declined nearly 1 percent to hit a six-week low against the U.S. dollar on Tuesday, while stocks continued to fall as investors' appetite for emerging markets lessened.
Haberin Devamı
The lira traded slightly below 1.61 levels in morning trade, its lowest since Dec.5, while the total loss since last Friday exceeded 5 percent. The lira also lost more than 2 percent on Monday.
The benchmark Istanbul Stock Exchange also fell a 1.35 percent in the morning session and slid to its lowest in a month.
“The greenback remains well bid across the board due to weak global sentiment,” Bloomberg reported analysts including Shahin Vallee in
“Increased risk aversion” weighed down the lira, which “has reached a significant psychological level of 1.6” and may fall toward 1.65 per dollar, analysts say.
Haberin Devamı