Turkish Lira

Turkish Lira Erases its Economic Attack Losses

Turkish Lira Erases its Economic Attack Losses

The Turkish lira has erased nearly all its recent losses after Qatar overnight offered Turkey an economic support package worth +$15B. On Monday, TRY broke record lows and outright has threatened to lift inflation even higher, causing concerns of an economic meltdown in Turkey.

A Market Bloodbath as Turkey Fever Spreads

A Market Bloodbath as Turkey Fever Spreads

Just when you though it was safe to invest in an asset that made sense, be it forex, bonds or stocks, fear and contagion has suddenly appeared, and in under 48-hours has severely bullied emerging markets into near submission with the Turkish lira falling nearly +45% against the dollar. Here’s why.

H2 Currencies to Watch: Growth Potential in Emerging Markets

H2 Currencies to Watch: Growth Potential in Emerging Markets

The last article in our blog series on what businesses need to know about key global currencies in the second half of 2018 covers emerging markets. Read on as we look at commodity prices, interest rate policies, and the economic growth of emerging markets and what businesses can expect in the upcoming months.

Week Ahead: European Bank Exposure to Turkey Hits EUR

Week Ahead: European Bank Exposure to Turkey Hits EUR

Italian, Spanish, and French banks are reported to have loans worth over $150 billion in Turkey. The falling Turkish lira makes those loans denominated in foreign currency harder to repay resulting in the EUR touching record lows on Friday.