Thu, Oct 23, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Why this ‘fragile five’ currency is at record lows

Posted on 03 January 2014

Turkey’s currency has plunged to its lowest point against the dollar for more than three decades this week. In the short term, the lira’s fall can be laid at the feet of political turbulence following a corruption probe which has led to three ministers resigning and even rumors Prime Minister Recep Erdogan may be next to leave.
Subsequent tax and price increases have led to fears thatinflation will rise rapidly in Turkey………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37608 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031