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Markets

Turkish lira weakest since May as Syria, central bank decisions loom

The lira stood at 6.0680 at 0904 GMT, having weakened as far as 6.07 from a close of 6.0485 on Monday. ISTANB
18 Feb 2020
  • The lira stood at 6.0680 at 0904 GMT, having weakened as far as 6.07 from a close of 6.0485 on Monday.

ISTANBUL: Turkey's lira weakened 0.3pc against the dollar on Tuesday to its lowest point in regular trading since last May, as a central bank policy decision loomed and investors fretted over tensions in Syria's Idlib, where Ankara is bulking up its military.

The lira stood at 6.0680 at 0904 GMT, having weakened as far as 6.07 from a close of 6.0485 on Monday.

In a "flash crash" in Asian trade on Aug. 26 last year, the lira briefly hit a level of 6.47 when liquidity was very low.