ECONOMICS - Turkish Lira hits another record low on current account gap data

ECONOMICS - Turkish Lira hits another record low on current account gap data:

"The Turkish Lira slumped to a record low against the U.S. dollar after the announcement of current account deficit data that fueled concerns over the country’s financing vulnerabilities.

After starting off the day at around the 2.18 level, the Turkish currency jumped to an all-time record of 2.1965 against the dollar.

The slump followed the Central Bank’s announcement that Turkey’s current account deficit had risen to $3.9 billion in November from $2.9 billion the previous month."

'via Blog this'