Tag: Exchange rate
Turkish economy grows weaker than expected – nevertheless the government increases many prices
Recep Tayyip Erdogan The Turkish President on Tuesday visiting the 79th General Assembly of the Union of Chambers and Stock Exchanges of Turkey. (Photo: IMAGO/APAimages) Istanbul Turkey’s economy is growing…
Can the Turkish economy still be saved under Erdogan?
Mehmet Sismek (left) and Recep Tayyip Erdogan in 2016 International investors regarded Simsek as a guarantor for the positive development of the Turkish economy. (Photo: picture alliance / AA) Ankara…
Turkish lira falls to record low after election
Türkiye The Turkish lira is at a record low. (Photo: Bloomberg) Turkey’s national currency, which had been weak for months, fell to a record low again after President Tayyip Erdogan’s…
Markets had bet on a victory for the opposition – now Erdogan is ahead
Ankara The uncertainty about the outcome of the presidential elections in Turkey unsettles investors. After a temporary interruption in trading, Turkey’s leading index in Istanbul is falling by up to…
Elections in Turkey – new government, new problems?
Incumbent Erdogan and challenger Kilicdaroglu A clear political line is not apparent in any of the initial scenarios for the elections. (Photo: dpa) Istanbul This Sunday will decide whether Turkey’s…
“The decoupling has long since taken place”
Nouriel Roubini According to the US economist, a bipolar currency regime could be created. (Photo: Reuters) Fragmentation, over-indebtedness, inflation – Nouriel Roubini’s view of the global economy is mostly characterized…
“The mighty dollar does not age gracefully”
Nouriel Roubini According to the US economist, a bipolar currency regime could be created. (Photo: Reuters) Fragmentation, over-indebtedness, inflation – Nouriel Roubini’s view of the global economy is mostly characterized…
Why the US currency is more vulnerable than ever
The vulnerable US dollar The debate about the impending US default is weakening confidence in the US financial system. This hits the world’s number one currency in a critical phase.…
Why the US currency is more vulnerable than ever
The vulnerable dollar The debate about the impending US default is weakening confidence in the US financial system. This hits the world’s number one currency in a critical phase. The…
Why the US currency is more vulnerable than ever
The vulnerable dollar The debate about the impending US default is weakening confidence in the US financial system. This hits the world’s number one currency in a critical phase. The…
Inflation and new economic data put Erdogan in trouble before the election
Food stall in Istanbul Between January and April alone, prices rose by an average of 15.21 percent. (Photo: Bloomberg) Istanbul Turkish President Recep Tayyip Erdogan has to fear for his…
Barry Eichengreen: “Bond prices can fall abruptly”
Economist Barry Eichengreen “Inflation will come off its peak but will remain well above the Fed’s 2% target. The core rate of inflation is still well over five percent.” (Photo:…
Nikkei breaks the 29,000 point mark
Stock exchange board in Tokyo on Monday Investors are eyeing interest rate decisions in the US and Europe this week. (Photo: AP) Tokyo The Japanese stock index Nikkei broke through…
The Turkish lira is under pressure ahead of elections
Istanbul, Frankfurt Turkish President Recep Tayyip Erdogan has difficult weeks ahead of him. According to polls, he will have to fear for his office in the elections in May. Probably…
Why foreign exchange is now also being traded at the Istanbul Bazaar
Bazaar in Turkey The fact that currency trading is now taking place in the bazaar is due to the policy of President Recep Tayyip Erdogan before the elections in May.…
Euro hits highest level in over a year
100 euro bill on dollar banknotes Dusseldorf It has only been five months since the euro fell below par with the US dollar and hit a 20-year low. The common…
Stock prices in Asia rise ahead of US inflation report and Fed minutes
Tokyo Stock Exchange The leading index Nikkei rose by 0.4 percent. (Photo: Bloomberg) Tokyo In anticipation of a further interest rate hike by the US Federal Reserve due to the…
Gold climbs towards record price above $2000
gold bar The price of the precious metal has risen by more than ten percent since the beginning of the year. (Photo: dpa) Dusseldorf The price of gold has crossed…
The lira is too strong – losses on the Istanbul Stock Exchange
Business district in Istanbul In President Erdogan’s attempt to persuade a majority of voters by boosting their purchasing power, shareholders are likely to be among the losers. (Photo: Bloomberg) Istanbul…
What makes the currency in Mexico so strong right now
Mexican pesos The peso confirms its trend of the past few years and takes the lead in 2023. (Photo: Reuters) Mexico City When the Silicon Valley Bank collapsed in the…