Turkish Lira Slides To More Than 2-week Low Versus U.S. Dollar
May 04 2016 - 12:13AM
RTTF2
The Turkish Lira lost ground against the U.S. dollar in early
European deals on Wednesday, as the latter rose across the board
after hawkish comments from Fed officials Lockhart and Williams
over Fed rate hikes prospects this year.
Speaking at a conference in Florida on Tuesday, Atlanta Fed
president Dennis Lockhart said a rate hike at the next Federal
Reserve policy meeting is "a real option" as long as the economy,
inflation and jobs show improvement.
The Lira fell to 2.8634 against the greenback, its weakest since
April 18. On the downside, 3.00 is likely seen as the next support
level for the Lira. At yesterday's close, the pair was worth
2.8477.
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