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Coronavirus impact to push emerging markets, including Turkey, to recession: JP Morgan

The crippling economic impact of the coronavirus is set to push the world’s poorer countries including Turkey into recession by the middle of the year, US...

Turkey’s currency survives ‘flash crash’ overnight amid US-China trade war

The Turkish lira weakened more than 1 percent against the dollar on Monday, Reuters reported, after briefly tumbling to 6.47 overnight in what market watchers described...

Turkish lira gains value, outperforming other EM currencies: report

Turkey’s lira firmed on Thursday, outperforming some other emerging market currencies, while the main stock index declined more than 2 percent after a three-day market holiday,...

Bundesbank head stresses independence of Turkey’s central bank amid currency crisis

Jens Weidmann, the head of Germany’s Bundesbank, said on Thursday that the independence of the Turkish Central Bank was important for the recovery of...

Turkish lira undershooting fair value, should be at 5 to 5.50 to dollar: global banking group

The Turkish lira is significantly below fair value at the moment and should strengthen over the next one to two years as Turkey’s economy...

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