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Turkey's lira plunge continues

Mar. 28, 2019 4:42 AM ETiShares MSCI Turkey ETF (TUR)TURBy: Yoel Minkoff, SA News Editor8 Comments
  • Turkey's lira tumbled 4.7% overnight to TL5.57 per dollar in the latest day of turbulent trading ahead of the local elections this weekend that may see President Erdogan's ruling party lose control of some major cities.
  • The country's financial markets have been choppy since Friday, when the central bank posted a plunge in foreign currency reserves - a sign that authorities were attempting to prop up the currency.
  • ETFs: TUR

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