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Markets

Turkey's lira slides to weakest level since May

The lira was down 0.6pc at 6.0275 against the dollar at 1438 GMT, on track for its sharpest daily drop in weeks.
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By Reuters
  • The lira was down 0.6pc at 6.0275 against the dollar at 1438 GMT, on track for its sharpest daily drop in weeks.
  • Earlier on Friday, Turkey announced it completed a $4-billion bond issuance.

ISTANBUL: Turkey's currency tumbled late on Friday to its weakest level since May after comments from the Treasury minister suggested the central bank could continue cutting rates and as Turkey's military girded for more confrontation in Syria.

The lira was down 0.6pc at 6.0275 against the dollar at 1438 GMT, on track for its sharpest daily drop in weeks.

Earlier on Friday, Turkey announced it completed a $4-billion bond issuance.

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