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Turkish Lira Sliding Slowly And Seeking FX Relief

On Monday, the Turkish Lira slipped once more, as it continued its slide towards 18 against the US dollar. This was because of mounting concerns about the foreign exchange policy of the government with inflation soaring combined with worries of a global economic recession. Lira’s decline According to analysts, unless authorities are able to discover … Read more

Sterling Falls Against Dollar As Data Shows Economy’s Struggle

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On Friday, the British pound declined against the US dollar, as fresh economic data fanned concerns about a slowdown in the UK’s economy, which is already dealing with inflation that has reached highs in four decades. Economic data On Friday, an industry survey showed that the growth in business activity in Britain grew at its … Read more

Dollar Declines On Profit Taking And Focus On Interest Rates

On Friday, there was a decline in the US dollar as investors were evaluating the magnitude of the interest rate hike from the Federal Reserve in its meeting later this month. Moreover, Thursday saw the greenback climb to two-decade highs after a strong rally, thereby prompting investors to take some profits. Interest rate impact There … Read more