Turkish Lira At 8-day Low Versus U.S. Dollar On Turkey Political Worries
23 Octubre 2018 - 01:42AM
RTTF2
The Turkish Lira lost ground against the U.S. dollar in the
European session on Tuesday, after the Nationalist Movement Party
announced its split with the ruling Justice and Development Party
for the next elections.
Speaking in Parliament, MHP Chairman Devlet Bahçeli said that he
would pull out from the alliance with Erdogan amid bitter divisions
over MHP's amnesty proposal.
"We will now chart our own path. We do not plan to ally,"
Bahceli said lawmakers.
The Lira depreciated 3.7 percent to an 8-day low of 5.87 versus
the greenback from Monday's closing value of 5.66. The next
possible support for the Lira is seen around the 6.0 region.
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