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Turkish lira weaker after Fed dampens hopes for more U.S. rate cuts

ISTANBUL, Aug 1 (Reuters) - Turkey's lira weakened on Thursday after the U.S. Federal Reserve cut interest rates by a quarter percentage point but als

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ISTANBUL, Aug 1 (Reuters) – Turkey’s lira weakened on Thursday after the U.S. Federal Reserve cut interest rates by a quarter percentage point but also signalled that a long easing cycle was unlikely, which could check a recent rally in emerging market currencies.

Despite a larger-than-expected rate cut the Turkish central bank last week, the […]

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