TRY/USD (TRYUSD=X)
- Business Insider
The Japanese yen's underlying forces are so weak the currency is in the 'same league' as the Argentine peso and Turkish lira, Deutsche Bank says
Intervention by the Bank of Japan in currency markets won't help the yen, and may actually backfire, an analyst said.
- Reuters
FOREX-Dollar rises ahead of Jackson Hole, Turkish lira rallies
The dollar rose on Thursday as investors awaited for U.S. job data ahead of the Federal Reserve's Jackson Hole symposium, while the Turkish lira rallied after a larger-than-expected central bank rate hike. Investors were cautious after softer-than expected data in Europe and the U.S. muddied the economic outlook sending the safe-haven dollar higher. Investors said they did not expect sharp moves as the U.S. report job data later in the day as markets were cautious in case of possible surprises when Fed Chair Jerome Powell speaks at Jackson Hole on Friday.
- Investing.com
Erdogan confirms 'sultanate,' Turkish lira heading for new lows
Investing.com - With 52% of the votes, Recep Tayyip Erdogan has been confirmed as Turkey's president until 2028, beating opposition leader Kemal Kilicdaroglu, who garnered just under 48% of the votes, in the second round.
