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Turkish Lira Drops To Record Low Against U.S. Dollar As Erdogan Wins Runoff Election
(RTTNews) - The Turkish lira dipped against the U.S. dollar on Monday, as Tayyip Erdogan won the country's presidential run-off election on Sunday.
Erdogan attained 52 percent of the vote in the second round of voting, whereas his opponent Kemal Kilicdaroglu got 47.86 percent.
The win gives him another five-year term, extending power until 2028.
The Turkish lira touched a record low of 20.07 against the greenback from yesterday's close of 19.87.
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Turkish Lira Falls To 4-week Low Against U.S. Dollar
The Turkish Lira fell against the U.S. dollar in the New York session on Thursday, despite a 500 basis-point hike by the Turkish central bank.
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Před 587 dny
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the Asian session on Thursday.
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Před 1 h 2 min
Yen Slides As Bank Of Japan Retains Rate As Expected
The Japanese yen weakened against other major currencies in the Asian session on Thursday, after the Bank of Japan left its interest rate unchanged for the second consecutive meeting and downgraded its growth projections citing trade tariff threats.
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Před 1 h 30 min
Commodity Currencies Rise Amid Risk-on Mood
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday amid increased risk-on mood, as traders booked some profits after the recent upside in markets and a report showing the U.S. economy unexpectedly shrank in the first three months of 2025 generated some optimism about the outlook for interest rates.
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Před 1 h 45 min
Yen Slides Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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Před 2 h 55 min
Bank Of Japan Retains Rate As Expected; Cuts Growth Outlook Amid Tariff Uncertainty
The Bank of Japan left its interest rate unchanged for the second consecutive meeting on Thursday, and downgraded its growth projections citing trade tariff threats. The policy board decided, by a unanimous vote, to hold the uncollateralized overnight call rate to remain at around 0.50 percent. This was the highest level since the global financial crisis in 2008.
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Před 2 h 55 min
European Economic News Preview: UK Mortgage Approvals, Factory PMI Due
Mortgage approvals and final manufacturing Purchasing Managers' survey results from the UK are the major reports due on Thursday, while most of the European markets are closed for the Labor day holiday. At 2.30 am ET, Switzerland's Federal Statistical Office releases retail sales data for March. Sales are forecast o grow 1.9 percent on a yearly basis, following a 1.6 percent rise in February.
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Před 3 h 20 min
Canadian Dollar Climbs Against Most Majors
The Canadian dollar strengthened against most major currencies in the Asian session on Thursday.
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Před 3 h 44 min
