Turkish Liras

Market players have been paying a lot of attention to the Turkish lira’s slump recently. But what’s it all about? What triggered the slump? Does the lira’s slide have an effect on other economies? Well, read on and find out.

Turkey’s troubles and the threat of contagion were the main factors pushing the euro around last week, but the ECB might put the focus back to policy this time.

Risk aversion was the name of the game during the Asian session, as a lack of fresh catalysts led traders to price in contagion risks from the Turkish lira’s dramatic decline.

Geopolitical and global trade fears kept the yen in the green last week. Will the bulls extend their wins over the next couple of days?