Turkish Lira Continues it Freefall
This article was originally published on ETFTrends.com.
The geopolitical turmoil in Turkey gave no reprieve to its local currency in the opening session as the Turkish lira continued its freefall, hitting an all-time low of 7.24 versus the U.S. dollar. The Turkish central bank attempted to ameliorate the falling currency with more liquidity by lowering the reserve requirement for banks by 250 [...]