Markets

Turkey's lira firms on inflation data, Fed and ECB easing expectations

Published September 4, 2019 Updated September 4, 2019 07:25am

On Tuesday, data showed inflation fell to 15.01% in August, resuming its downward trend, giving the lira another boost after figures on Monday showed the economy shrank less than expected in the last quarter.

On Wednesday, the lira firmed to as far as 5.68 against dollar, marking the first time the currency strengthened beyond 5.70 since August 20.

Copyright Reuters, 2019