EMEA stocks and FX rise; Turkish lira hits all-time low

trendekonomi 0 Mart 24, 2023 3:50 pm

Article content The lira sank 0.7% to an all-time low of 7.9389 to the dollar, weighed by concerns over possible U.S. sanctions, the Caucasus confli

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Article content

The lira sank 0.7% to an all-time low of 7.9389 to the dollar, weighed by concerns over possible U.S. sanctions, the Caucasus conflict and uneasy ties with the European Union.

While the Turkish central bank is expected to step in and support the lira, doubts persist over the scale of intervention the bank will be able to provide […]