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Turkish lira hits weakest level this year after U.S. inflation

Category: Economy

Date: 2021-05-13T08:45:29+0000
Turkish lira hits weakest level this year after U.S. inflation

Shafaq News / Turkey’s lira fell around 0.8% against the dollar to its weakest level this year on Thursday, a market holiday in Turkey, after U.S. inflation figures put it under pressure, Reuters reported.

The lira slipped as far as 8.4910 to the dollar, its weakest since last November. It was trading at 8.473 at 0715 GMT.

Data on Wednesday showed U.S. consumer prices jumped by the most in nearly 12 years in April, boosting the dollar against emerging market currencies.

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