turkish

 
 

Dollar wilts as risk appetite returns; euro shines

NEW YORK, April 12 — The dollar slipped today to its lowest against the euro in more than two weeks on reports a foreign bank was preparing to fund an acquisition of a European company, while signs of economic stabilisation in China and a strong…


Commodity currencies propelled by crude oil price rally

LONDON, April 9 — The Australian and Canadian dollars rose today, aided by a surge in oil prices to five-month highs that lifted most commodity-linked currencies. Oil prices have rallied on expectations that global supplies would tighten due to…


Stocks headed for longest winning streak in over a year

NEW YORK, April 5 — Hopes for progress in US-Sino trade talks helped emerging-market stocks edge higher for a seventh straight session, its longest winning streak since January last year. MSCI’s index of emerging market stocks rose 0.1 per cent….


Emerging shares boosted by China data but Turkey falls

BEIJING, April 1 — Chinese stocks led emerging market shares higher today as positive Chinese manufacturing data eased worries about a broader economic slowdown with progress in U.S-China trade talks providing an additional boost. Mainland Chinese…


Turkish forex reserve fall credit negative, says Moody's

ISTANBUL, April 1 — The erosion of Turkey's foreign currency reserves is a credit negative and central bank use of reserves to prop up the lira currency poses renewed questions on its transparency and independence, Moody's Rating Agency said on…


Yuan, Australian currencies gain on upbeat China factory survey

TOKYO, April 1 — A surprise improvement in Chinese factory activity supported the yuan and Australian dollar today, and provided a broader boost to global investor confidence, helping the dollar gain against the safe-haven yen. Factory activity in…


Lira wobbles as US ties with Turkey fray

ISTANBUL, March 29 — Turkish President Tayyip Erdogan’s fiery anti-US rhetoric helped spark a currency collapse in 2018 that plunged his country into recession. He had avoided a repeat so far this year but last Friday, during a break from…


Erdogan says Turkey must cut interest rates to fight inflation

ANKARA, March 28 — Turkish President Tayyip Erdogan said today the central bank must cut interest rates or inflation will remain high, and he blamed the recent volatility in the lira on “attacks” by the United States and other Western…


Turkey to shore up lira via tight supply through elections, say sources

ANKARA, March 28 — Turkey will keep directing its banks to withhold lira liquidity from a key foreign market at least until after local elections on Sunday, sources said, as the government intensifies efforts to defend the currency, which plunged…


Turkish investors dumping low-yield lira deposits drove up US dollar, say bankers

ANKARA, March 26 — Turkish individual investors who switched to foreign currency savings to avoid low interest returns on Turkish lira deposits played a major role in the currency's biggest one-day fall since August, bankers said yesterday. The…