Turkish lira revived by Erdogan’s support

The Turkish lira remains volatile as traders digested measures proposed by President Tayyip Erdogan and the Turkish central bank to guard local currency savings against the drop in value. On Tuesday, the

New low for shaky Turkish Lira

The Turkish Lira has reached another record low, as President Recep Tayyip Erdogan refers to Islamic usury doctrine to defend his insistence on his unorthodox low-rates policy. The currency, which has lost


Turkish lira tumbles as diplomats expelled

Turkey’s President Recep Tayyip Erdogan’s latest spat with the West has given another push to the country’s declining currency, as it kicked off another week with an all-time low record. The lira

Turkish Cypriots take on Erdogan  

Pro-solution opposition parties in northern Cyprus plan to boycott the Turkish president’s address to the Turkish Cypriot assembly scheduled for the 47th anniversary of the Turkish invasion that left Cyprus divided with


End of the road for Cyprus

President Erdogan’s visit to the occupied north on Tuesday’s invasion anniversary will be like no other before it. For the first time in a while, he will have a full deck of


Turkish Lira continues to tumble

The Turkish lira continued to tumble this week, following the shock replacement of the central bank governor, the fourth in less than two years, losing close to 10% of its value compared


Turkish Lira plunge felt in Japan

By Hussein Sayed, Chief Market Strategist at FXTM Turkey has returned to financial market headlines following President Erdogan’s decision to fire the country’s hawkish central bank head on Saturday. The Turkish Lira

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