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Turkish lira weakens 2% against dollar

Turkish lira weakens 2% against dollar

reuters.com · 12/30/2021 00:10
Turkish lira weakens 2% against dollar

- The Turkish lira weakened some 2% early on Thursday, eating into the huge gains made in the previous week as investor worries about the country's monetary policy outlook persisted.

The lira TRYTOM=D3 dipped to 12.9 per dollar by 0510 GMT from a close of 12.61 on Wednesday. Despite surging more than 50% last week after state-backed market intervention, it has lost 42% of its value this year.


(Reporting by Ezgi Erkoyun; Editing by Sam Holmes)

((ezgi.erkoyun@thomsonreuters.com; +90-212-350 7051; Reuters Messaging: ezgi.erkoyun.thomsonreuters.com@reuters.net;))