Turkish Lira Tumbles As Erdogan Threatens Moody"s With An "Operation"

The Turkish lira on Friday rose more than 3% after President Recep Tayyip Erdogan said the country would not buy the Russian-made S-400 missile defense s.....»»

The Turkish lira slumped to its lowest level in seven months as further political unrest weighs on the nation’s currency......»»

The Turkish lira continued its collapse this morning as investors interpreted Turkey’s decision to redo Istanbul’s mun.....»»

One month ago, on March 22, when the Turkish lira suddenly cracked, and suffered what was then its biggest one-day drop since last summer's crisis as public attention turned to the sudden plunge in the nation's reserves an.....»»

The collapse in the Turkish lira is accelerating this morning, with the USDTRY rising above 5.80 for the first time since last October and CDS pushing to September highs, as the Turkish economy continues to slide ever deeper.....»»

In the aftermath of last weekend's local elections in Turkey, which saw Erdogan's ruling AKP party lose control of Turkey's two main cities, Ankara and Istanbul, on Monday President Erdogan demanded that the country’s election boar.....»»

Turkish President Recep Tayyip Erdogan suffers a blow in local weekend elections, setting the stage for more near-term uncertainty for investors, according to ABN Amro......»»

Despite Erdogan's ever more desperate attempts to keep the lira elevated ahead of this weekend's local elections, culminating with sending overnight TRY swap rates to an in.....»»

Just days after Turkish president Erdogan vowed to crackdown on currency speculators and launched a probe against JPMorgan for its Friday reco to short the country's currency to 5.90 vs the dolla.....»»

The Turkish lira saw a bounce after President Recep Tayyip Erdogan called surprise snap elections, but analysts doubt the poll will turn the tide for the currency......»»

For the first time in party history, Turkish President Recep Tayyip Erdogan called for early elections on June 24, moving them forward by more than a y.....»»

Turkish.....»»

Just hours after Fed Chair Jay Powell implied that 'emerging markets are on their own', EM FX is re-collapsing... with Argentina (despite a 1275bp rate hike) and Turkey both crashing to new record lows... "There is good reason to think that the norm.....»»

With Turkish ca.....»»

In the latest distress signal from one of the most troubled corners of the emerging markets, this morning the Turkish Lira plunged to fresh all time lows against the dollar after Turkish President Recep Tayyip Erdogan sa.....»»

Turkey’s currency hit a fresh historic low versus the U.S. dollar on Tuesday, after President Recep Tayyip Erdogan said he wanted to take more responsibility for monetary policy. And we probably haven’t seen the worst of it yet, analysts predict......»»

Turkey's lira extended its relentless tumble, sliding more than 2 percent against the dollar on concerns about President Tayyip Erdogan's influence over monetary policy and the central bank's inability to rein in double-digit inflation......»»

Turkey's currency, the lira, has fallen to an all-time record low against the dollar amid fears of economic instability as the country heads toward snap presidential and parliamentary elections next month......»»

Thomson Reuters The Turkish lira fell to record lows against the greenback overnight Tuesday. President Recep Tayyip Erdogan, who is running for reelection, is a self-proclaimed "enemy" of interest rates. Follow the lira i.....»»

A month ahead of elections in which President Recep Tayyip Erdogan is seeking a new mandate, the fast-weakening lira has left some voters questioning whether the long-dominant Turkish leader knows the way to economic prosperity......»»