The U.S. dollar jumped to a record high against the Turkish lira Thursday. The dollar drew support from comments in the U.S. Federal Reserve minutes, released on Wednesday, which noted solid growth in ...
That does not necessarily mean the Turkish lira is cheap. Right now, given Turkey’s almost US scale current account deficit (close to 5% of GDP), the lira probably is a bit overvalued. Turkey is going ...
The Turkish wealth fund is in talks with international lenders to explore a potential dollar debt issuance in September, according to people familiar with the matter. The fund may raise up to $500 ...
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