|Day's Range||38.579 - 38.58|
|52 Week Range||19.6710 - 41.5450|
Last year was painful for emerging market currencies, but it looks like 2019 might not be much better.
Investing.com - Markets kept a wary eye on wobbly emerging market currencies this week, with declines in the Turkish lira, Argentine peso, and the South African rand at the forefront.
Investing.com - The dollar fell on Thursday as British pound and the Euro rose on breakthrough from Brexit talks, while the Aussie dollar slipped despite data showed the country’s trade surplus in July was better than expected.
Investing.com - The Australian dollar rose on Wednesday after data showed growth in the Australian economy accelerated in the second quarter of 2018.
Investors and financial analysts are urging Turkey to make changes to its central bank policy, namely increasing interest rates. The recent history of another troubled emerging market suggests conventional measures won’t stop the bloodletting. “There are only three options to halt the freefall of the Turkish lira,” tweeted Dani Rodrik, an economist at Harvard University.