Forex or The foreign exchange market is very very large financial market in the world, with a daily turnover of over $5 trillion. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. Forex trading refer to the art of buying or selling currency for profit.

Author Topic: Turkish lira recovers After the new low yesterday  (Read 33 times)

ダクマ

  • Guest
on: November 25, 2021, 01:07:56 AM
Turkish lira recovers After the new low yesterday

The Turkish lira has recovered today. After falling to a record low yesterday Amid uncertainty over Turkey's monetary policy

The lira rebounded 3 percent to $12.30 against the dollar today, after falling 11 percent to 13.45 yesterday.

The lira collapsed yesterday. After Turkish President Recep Tayyip Erdogan defended the government's monetary easing policy. Even though inflation has soared nearly 20%

The lira was also pressured by the dollar's appreciation. which rebounded in response to President Joe Biden has decided to nominate Jerome Powell as the Federal Reserve Chair for a second term.

The lira has continued to depreciate. After staying at 8 against the dollar last year. And last month it stood at 9 against the dollar and slumped to 10 against the dollar last week.

The lira has slumped 40% since the start of this year. It is the worst emerging market currency. Amid the sell-off of foreign investors who are unsure of the central bank's independence After President Erdo fired several previous central bank governors. because it does not meet the government's monetary easing policy

President Erdogan said Turkey needs monetary easing. by reducing interest rates to stimulate exports, investment and employment Despite inflation rising nearly 20% and the lira plummeting

In addition, Erdogan said that Monetary policy tightening will not help curb inflation in the country.

Inflation in Turkey has now reached 19.89 percent, its highest level in nearly three years, and four times above the central bank's 5% target.



 

Related Topics

  Subject / Started by Replies Last post
1 Replies
1090 Views
Last post August 19, 2018, 02:28:05 PM
by Jimmy
0 Replies
937 Views
Last post September 18, 2018, 01:29:05 PM
by ForexMan
1 Replies
3002 Views
Last post November 13, 2019, 01:13:16 AM
by Xông xuống
0 Replies
322 Views
Last post February 11, 2021, 02:08:56 PM
by xin chào
0 Replies
40 Views
Last post November 24, 2021, 12:53:20 AM
by Karin Hpns


-

Forex Forum - Learn Forex/ 外汇信号 / إشارات الفوركس / Форекс сигналы / สอนเล่น Forex / Tín hiệu Forex/

-(Blog)-
-
Disclaimer By viewing any material or using the information within this site, you agree that it is general educational material whether it is about learning forex online or not and you will not hold anybody responsible for loss or damages resulting from the content provided here. It doesn't matter if this website contain a materials related to Forex trading in each language such as Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия) or not. Investing in financial product is subject to market risk. Financial products, such as stock trading and forex, are very speculative and any investment in them should done carefully, desirably with a good personal risk management. Whether you are newbie in forex, part-time traders, or full-time forex traders. Forex trading, Stock Trading and commodity specultion have big potential rewards but also big potential risk.

Prices movement in the past and past performance of certain traders are by no means an assurance of future performance or any forex market or stock market movement. This website is for informative and discussion purpose in this website only. Whether a materials related to Forex trading in different language such as Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия). Whether newbie in forex tradeing, part-time traders, or full time traders. No one here can makes no warranties or guarantees in respect of the content, whether it is about forex trading or not. Discussion content reflects the views of individual people only. The people here maybe newbie in Forex trading, part time dorex traders, or full-time traders. The website bears no responsibility for the accuracy of forum member’s comments whether about learning forex online or not and will bear no responsibility or legal liability for discussion postings.

Investment tutorial, opinions and comments presented on this website do not represent the opinions on who should buy, sell or hold particular investments,forex currency pairs, or any products or forex courses. Whether it is in the section of Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия) or any other language. All investors should conduct their own independent research before making any decision.

The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual financial and forex trading advice based on your own particular circumstances before making an investment decision on the basis of information about forex and non-forex matter on this website.

As a user, you should agree, through acceptance of these terms and conditions, that you should not use this forum to post any content which is abusive, vulgar, hateful, and harassing to any forex traders and non-traders.