Turkish lira weakens again after rocky pre-election week

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Reuters

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Sat, 2019-03-30 01:14

ISTANBUL: The Turkish lira weakened again on Friday and the government promised reforms, after a volatile week that brought back memories of last year’s currency crisis just as Turks head to polls this weekend.
Turkey’s currency was down 1.8 percent after having tumbled 5 percent on Thursday. The weakness, after a strong rebound earlier in the week, reflected a return of liquidity to a key London foreign-exchange market where investors use swaps to hedge and settle positions.

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Business & Economy

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Turkish lira

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