ECONOMICS - Lira, stock market plunge to record lows during Turkish Central Bank governor’s interview:
"Stock market tumbled during a live interview with the Central Bank governor, despite his optimistic and confident remarks about the pace of markets.
The lira plunged down to 2,0335 against the dollar while Governor Erdem Başçı was speaking live on the television, while the stock market plunged to its lowest point this year, sinking to 66,752 points. The lira was around 2,0051 before the interview began.
Başçı’s dollar estimation: 1.92
Even Başçı’s optimistic forecasts regarding the future of currencies and general outlook of main financial indicators couldn’t save the Turkish currency from slide and did not soothe investors concerned over the Syrian crisis and the possibility of future Fed liquidity withdrawal."
'via Blog this'
No comments:
Post a Comment