Turkish Lira Slides To Fresh Record Low Against U.S. Dollar
06 Agosto 2018 - 05:31AM
RTTF2
The Turkish Lira slipped against the U.S. dollar in early New
York deals on Monday, after the U.S. said it would review Turkey's
duty-free access to U.S. markets after Turkey's retaliatory action
on U.S. goods.
The U.S. Trade Department on Friday said that it was introducing
a review of Turkey's duty-free access to US markets under the the
Generalized System of Preferences, would could hurt $1.66 billion
worth of Turkish imports into the U.S.
The review would focus on "the Turkish government's compliance
with the GSP market access criterion and was prompted by the
Turkish government's recent imposition of unfair and unwarranted
tariffs on U.S. goods entering Turkey."
The Lira fell to a new record low of 5.1948 against the
greenback, from last week's closing value of 5.0752.
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