Economics
Lira Heads for Biggest Monthly Decline This Year
For a fifth day the Turkish Lira extended its losses.
Photographer: Kerem Uzel/BloombergThis article is for subscribers only.
The Turkish lira extended losses to a fifth day, set for its worst month this year, as traders speculated official efforts to shore up the currency aren’t sufficient.
The currency dropped 0.8% to 8.2560 per dollar as of 11:41 a.m. in Istanbul, bringing its retreat this year to 28%.