TRY/USD (TRYUSD=X)
- Reuters
Turkish lira trades flat ahead of cenbank rate decision
Turkey's lira traded flat against the dollar on Thursday, ahead of the new central bank governor's first rate decision, where the bank is expected to maintain its policy rate at 19%. Last month, the lira weakened to near its record lows after President Tayyip Erdogan appointed Sahap Kavcioglu as central bank governor, replacing his predecessor in a shock decision.
- Yahoo Finance Video
Blockchain.com raises $300 million in new funding round
Peter Smith, Blockchain.com co-founder & CEO, joins Yahoo Finance Live to discuss the rise in cryptocurrency and outlook on Biden administration’s crypto regulation.
- Reuters
GLOBAL MARKETS-Asia cautious as Turkish lira takes a dive
Asian markets faced a fresh stress test on Monday as a plunge in the Turkish lira lifted the safe-haven yen and blunted risk appetite, although the fallout so far looked to be relatively contained. The dollar was trading almost 15% higher on the lira at 8.3000 after President Tayyip Erdogan shocked markets by replacing Turkey's hawkish central bank governor with a like-minded critic of high interest rates.
