Markets

Turkish lira weakens on concern over conflict in Syria

The lira weakened as far as 6.04250 against the dollar from a close of 6.0075 on Monday. Its volatility has sp
Published February 11, 2020 Updated February 11, 2020 10:32am
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  • The lira weakened as far as 6.04250 against the dollar from a close of 6.0075 on Monday.
  • Its volatility has spiked since a late Friday selloff.

Five Turkish soldiers were killed in shelling by Russia-backed Syrian forces on Monday, marking the second deadly attack on Turkish forces in Syria's Idlib province within a week.

The lira weakened as far as 6.04250 against the dollar from a close of 6.0075 on Monday.

Its volatility has spiked since a late Friday selloff.