(Bloomberg) -- Turkey’s lira reversed earlier losses and surged against the dollar on Monday as President Recep Tayyip Erdogan indicated he’ll give his economic team more time to produce results ...

(CNN MONEY) — Turkey's currency dropped again Monday as the country wrestled with a crisis that has rattled markets around the world. The Turkish lira fell as much as 11% against the dollar after ...

Turkey had spent about $200 billion to support the sinking lira in the year and a half through August 2023, exhausting its foreign exchange reserves, while keeping interest rates artificially low.

Foreign investors will steer clear of Turkish lira bonds until inflation reverses course and decelerates, according to Europe’s biggest asset manager, a distant prospect that suggests inflows likely ...

Rewrites lead and paragraph 2 with fall to record low, details of weekend regulatory change, analyst comment paragraphs 5-11 ISTANBUL, June 26 (Reuters) - The Turkish lira slid 1.8% to a fresh record ...

The beleaguered lira has fallen some 37% against the U.S. benchmark over the past year, as monetary policymakers try to combat double-digit inflation by steadily raising interest rates. Inflation in ...