Tag: Currency market
The ECB policy is pushing the euro
currency The interest rate differential between the US and Europe currency areas is likely to increase in the coming year. (Photo: Reuters) Frankfurt Monetary policy in the USA and Europe…
Turkey wants to stop speculative market commentary after the lira has fallen
Turkish lira The Turkish President wants to prevent further dollarization of the economy with a series of measures. (Photo: dpa) Istanbul After the recent currency turmoil, Turkey wants to take…
Erdogan ensures the exchange rate jump with a guarantee for lira savings
Istanbul A promise by the Turkish President has reversed the massive downward trend in the Turkish Lira. Within one night, the lira made up for the losses of the past…
Erdogan wants to stop dollarization – Lira recovers
Recep Tayyip Erdogan Erdogan said after a cabinet meeting on Monday that he wanted to ensure that citizens did not have to exchange their domestic currency, the lira, for foreign…
Turkish stock index reaches further highs
Istanbul Stock Exchange The leading index of the Istanbul Stock Exchange keeps reaching new records. (Photo: Bloomberg) Istanbul It is a paradoxical development: the Turkish lira has lost more than…
Turkish central bank intervenes again in the foreign exchange market to support the lira
Lira crisis in Turkey The ailing Turkish currency has fallen to an all-time low against the US dollar and the euro in recent months. (Photo: dpa) Istanbul For the second…
Erdogan sends Lira with a plea for interest rate cuts to a record low
Tayyip Erdogan The Turkish president is struggling with a sharp fall in the value of his currency. (Photo: Reuters) The Turkish President Tayyip Erdogan has sent the already massively weakened…
New virus variant discourages investors in Asia
Stock exchanges Asia The new virus variant caused a price slide last week. (Photo: AP) Dusseldorf At the beginning of the week, investors withdrew from the Asian markets. The appearance…
New virus variant discourages investors in Asia
Stock exchanges Asia The new virus variant caused a price slide last week. (Photo: AP) Dusseldorf At the beginning of the week, investors withdrew from the Asian markets. The appearance…
New virus variant discourages investors in Asia
Stock exchanges Asia The new virus variant caused a price slide last week. (Photo: AP) Dusseldorf At the beginning of the week, investors withdrew from the Asian markets. The appearance…
Turkish lira rate: the background to the record low
Istanbul Stock Exchange Large foreign banks and institutional investors such as pension funds are withdrawing their money from Turkey. (Photo: Bloomberg) Istanbul The Turkish currency is still in free fall.…
Turkish lira in free fall – Erdogan wants to continue “economic war of independence”
Turkish lira In this month alone, the lira has lost around a quarter of its value against the dollar and the euro. (Photo: dpa) Dusseldorf The fall of the Turkish…
Turkish lira collapses according to Erdogan statements
Turkish lira In this month alone, the lira has lost around a quarter of its value against the dollar and the euro. (Photo: dpa) Ankara The Turkish lira collapsed on…
Swiss franc rises to its highest level since 2015
Swiss franc banknotes The currency fell below a level that the central bank had last defended. (Photo: dpa) Zurich In search of safe asset classes, more and more investors are…
Turkish lira falls to record low
Turkish currency The Turkish president calls for lower interest rates. (Photo: imago images / NurPhoto) Dusseldorf The expectation of a further interest rate cut by the Turkish central bank is…
Lira falls again to a record low – which could now follow
Banknotes with Turkish Lira Turkish savers are increasingly buying foreign currencies for fear of a further decline in the value of their own currency. (Photo: Reuters) Istanbul The Turkish lira…
Why the US currency keeps rising
Frankfurt Many US companies are unlikely to be very happy about the foreign exchange market at the moment. In the past few months, the US dollar has appreciated sharply against…