Previous Close | 0.0309 |
Open | 0.0310 |
Bid | 0.0309 |
Day's Range | 0.0309 - 0.0310 |
52 Week Range | 0.0304 - 0.0527 |
Ask | 0.0309 |
Turkey's central bank has lost another chief—its fifth in as many years. Hafize Gaye Erkan, who was appointed last June, [resigned Friday](https://www.wsj.com/economy/central-banking/turkeys-central-bank-chief-resigns-479fc9cd) after facing scrutiny in the Turkish press for her family's involvement at the central bank. Erkan, a [former U.S. banking executive](https://www.wsj.com/articles/turkey-names-former-first-republic-executive-as-head-of-central-bank-4142ace2), was the first woman to head the institution.
Intervention by the Bank of Japan in currency markets won't help the yen, and may actually backfire, an analyst said.
The dollar rose on Thursday as investors awaited for U.S. job data ahead of the Federal Reserve's Jackson Hole symposium, while the Turkish lira rallied after a larger-than-expected central bank rate hike. Investors were cautious after softer-than expected data in Europe and the U.S. muddied the economic outlook sending the safe-haven dollar higher. Investors said they did not expect sharp moves as the U.S. report job data later in the day as markets were cautious in case of possible surprises when Fed Chair Jerome Powell speaks at Jackson Hole on Friday.