Latest News

Bitcoin Miner TeraWulf Buys 15,000 Computers for Upstate N.Y. Facility

0

Reuters

Lira rallies late after Erdogan props up currency

ANKARA (Reuters) -Turkey’s lira ended the session up over 20% on Monday after President Tayyip Erdogan introduced a series of steps that he said will ease the burden of the weakened currency on Turks, while vowing to press on with a low-rates policy that led to the lira’s slide in the first place. The lira, which was down more than 10% at 18.4 to the dollar earlier, strengthened sharply and ended up 25% on the day at 13.15 in reaction to Erdogan’s announcement, in its largest daily trading range on record. Around $1 billion was sold in markets after Erdogan unveiled the measures, the head of the Turkish Banks Association said.

Bob Iger says Disney+ needs ‘more content for more people,’ but company is addressing the gap

Previous article

Nikola Fined $125 Million by SEC for False Claims. Stock Falls.

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News