English Pressure on Exchange Rate May Continue

TURKEY CRISIS

Pressure on Exchange Rate May Continue

The sharp decline of the Turkish lira’s exchange rate against the US dollar has continued to drag down major currencies in the world, from the Indian rupee to the euro. Growing concerns that the fall in the Turkish currency would spread and affect the European banking sector.

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LONDON, TUESDAY – The sharp decline of the Turkish lira’s exchange rate against the US dollar has continued to drag down major currencies in the world, from the Indian rupee to the euro. Growing concerns that the fall in the Turkish currency would spread and affect the European banking sector [...]