Economy
Turkish lira hits record low against US dollar
Political uncertainty and imminent Fed rate hike puts pressure on Turkish currency
20.08.2015 - Update : 20.08.2015
ANKARA
The Turkish lira fell to a record low of 3.0031 against the dollar in early-morning trading on Thursday.
Political uncertainty in Turkey combined with trader expectations of an imminent interest-rate increase by the Federal Reserve combined to push the currency to a new low.
Emerging-market currencies have, in general, lost close to 30 percent of their value against the dollar since Jan. 1.
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