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Wednesday, December 8, 2021

Turkish lira steady as markets reopen with eye on U.S. row

Turkish lira steady as markets reopen with eye on U.S. row© Reuters. Turkish Lira and Dollar banknotes are seen in this picture illustration

ISTANBUL (Reuters) – The Turkish lira traded flat against the dollar on Monday as markets reopened after last week’s holiday, with investor attention set to refocus on a bitter dispute between Ankara and Washington over an American pastor being tried in Turkey.

The lira , which has weakened 37 percent against the U.S. currency this year, stood at 6.00, unchanged from Friday’s close and the level a week ago when Turkish markets closed for the Muslim festival of Eid al-Adha.

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Source: Investing.com

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