Turkish lira hits 6.35 against dollar, erasing post-rate hike gains

ISTANBUL (Reuters) - Turkey's lira slipped against the dollar on Tuesday as investors remained uneasy about President Tayyip Erdogan's influence on economic policy after his call for the main opposition party's role in the country's biggest lender to be investigated. The lira stood at 6.3800 to the dollar at 0628 GMT,

Turkish lira weakens against dollar, attention turns to medium-term plan

ISTANBUL (Reuters) - Turkey's lira weakened against the dollar on Monday as investors weighed up the impact of last week's massive rate hike and turned their attention to this week's announcement of the government's medium-term economic plan. At 0555 GMT, the lira <TRYTOM=D3> stood at 6.19 against the U.S. currency, weakening

Turkish lira has lost more than 40 percent of its value this year

By: Middle East Affairs On Wednesday, the Turkish lira debilitated as financial specialists surveyed prospects for Thursday's national bank rate-setting meeting, where policymakers are relied upon to raise loan fees to support the sickly cash. It should be noted that the lira remained at 6.4600 against the dollar at 0545 GMT, facilitating