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Oct. 21, 2021, 7:11 a.m. EDT

Dollar jumps against lira after surprisingly large Turkish rate cut

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By Steve Goldstein

USDTRY

The dollar surged against the Turkish lira on Thursday after a surprising large rate cut. The Central Bank of the Republic of Turkey cut interest rates to 16% from 18%, more than the 0.5 point to 1 point cut markets anticipated. The dollar /zigman2/quotes/210561895/realtime/sampled USDTRY +0.0197% climbed to 9.3095 lira from 9.2133 lira on Wednesday.

/zigman2/quotes/210561895/realtime/sampled
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Turkish Lira
US : Tullett Prebon
18.8285
+0.0037 +0.0197%
Volume: 0.0000
Feb. 8, 2023 11:22a
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