| 27 May 2024, Monday |

Turkish lira falls to its lowest level this year

The Turkish lira fell about 0.8 percent against the dollar, reaching its lowest levels this year today, Thursday, which is a holiday for markets in Turkey, after pressure on it due to inflation figures in the United States.

The lira fell as much as 8.4910 against the dollar, its lowest level since last November.

As of 7:15 a.m. GMT, the Turkish lira was at $ 8,473.

Data on Wednesday showed that consumer prices in the United States jumped in April at the fastest pace in nearly 12 years. What raised the dollar against emerging market currencies.