Thursday, August 16, 2018

Turkish lira trades below 6.0 against dollar after U.S. comments

Turkish lira trades below 6.0 against dollar after U.S. commentsThe Turkish lira eased slightly but remained below 6.0 against the dollar on Thursday after the United States ruled out removing steel tariffs on Turkey even if Ankara frees a U.S. pastor, and after Qatar pledged $15 billion in investment to Turkey. Investor attention was focused on a conference call which Finance Minister Berat Albayrak will hold at 1300 GMT to reassure international investors. The lira , which has weakened 36 percent against the dollar this year, eased to 5.98 against the dollar by 0443 GMT from a close of 5.95, as investors weighed up the latest comments from the United States.




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