ISTANBUL Turkey's lira firmed nearly 1% against the dollar on Friday, as the prospect of severe sanctions from the United States waned after Ankara agreed to a ceasefire in northern Syria, raising expectations of a rate cut by the central bank next week.
ISTANBUL The Turkish lira gained on Tuesday after Washington imposed lighter-than-expected sanctions for Turkey's military incursion into Syria, providing some relief even while traders worried that heavier repercussions would follow.
ISTANBUL The Turkish lira slid 0.8% on Monday in the face of U.S. and European threats of sanctions and embargoes, though skeptical traders said it would weaken much further if Western allies turned words into action over Turkey's incursion in Syria.
ISTANBUL, Oct 9 Turkey's lira slid 0.5% on
Wednesday, breaking through what traders called a key support
level of 5.85 against the dollar, after Turkey launched a
military operation targeting Kurdish fighters in northeast
* President Erdogan been pushing for more monetary easing
(Adds Albayrak comment, central bank data)
* Lira 8% weaker this year
(Adds analyst comments, graphic, bonds, shares)
ISTANBUL, Sept 2 The Turkish economy contracted
less than expected in the second quarter, 1.5% year-on-year, as
it looks to shake off the effects of a recession brought on by
last year's currency crisis.
for quarterly GDP poll data
ISTANBUL/ANKARA Turkey's economy is expected to shrink in the second quarter, its third straight quarterly contraction as it grapples with the effects of recession, and a Reuters poll on Thursday also pointed to zero growth in 2019 as demand and investment slows.
ISTANBUL, Aug 1 Turkey's lira weakened on
Thursday after the U.S. Federal Reserve cut interest rates by a
quarter percentage point but also signalled that a long easing
cycle was unlikely, which could check a recent rally in emerging