Advertisement
Turkish Lira Falls To 4-week Low Against U.S. Dollar
(RTTNews) - 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.
Turkey's central bank raised the policy rate to 30 percent from 25 percent, citing rising inflation and fuel prices.
Inflation readings were above expectations in July and August, the bank said.
"As the strong course of domestic demand and the stickiness of services inflation persist, the increase in oil prices and the ongoing deterioration in inflation expectations pose additional upside risks to inflation."
The Turkish Lira touched 27.12 against the greenback, its lowest level since August 24, when it reached a record low.
read more
Turkish Lira Drops To Record Low Against U.S. Dollar As Erdogan Wins Runoff Election
The Turkish lira dipped against the U.S. dollar on Monday, as Tayyip Erdogan won the country's presidential run-off election on Sunday.
RTTNews
|
827天前
CAC 40 Slips Amidst Fiscal Concerns
A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.
RTTNews
|
33分鐘前
DAX Dips As Inflation Spike Hurts Sentiment
The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading deep in the red amidst a higher-than-expected level of inflation reading from Euro Area.
RTTNews
|
1小時34分鐘前
Sensex, Nifty Give Up Early Gains To End Lower
Indian shares gave up early gains to end lower on Tuesday ahead of the upcoming two-day Goods and Services Tax (GST) Council meeting later this week.
RTTNews
|
2小時29分鐘前
Pound Slides After UK Starmer's Reshuffle
The British pound weakened against other major currencies in the European session on Tuesday, amid rising concerns about the UK government's ability to maintain fiscal discipline.
In order to meet her fiscal goals, Chancellor Rachel Reeves is anticipated to increase taxes in her autumn budget, which could likely weigh on economy.
RTTNews
|
2小時43分鐘前
Eurozone Inflation Rises Slightly To 2.1%
Eurozone inflation rose marginally in August but the rate remained near to the European Central Bank's 2 percent target, official data revealed on Tuesday. The harmonized index of consumer prices rose 2.1 percent year-on-year in August, slightly faster than the 2.0 percent increase in July, flash data from Eurostat showed.
RTTNews
|
2小時52分鐘前
European Shares Slide As Inflation Accelerates
European stocks traded lower on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.
RTTNews
|
3小時19分鐘前
Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Tuesday.
RTTNews
|
3小時28分鐘前
