14 days ago • Posted by William Ramstein

The Turkish Lira somewhat stabilizing after slump to record low of 8.7775 per USD

Erdogan sent the Lira south after saying interest rates need to be lowered in the next two months. Turkey's inflation data in May is due to be made public Thursday with expectations set to see a record 17.3% rise--the highest point since May 2019. 

Source: Trading Economics