Brendan McKenna
Russian ruble: The curious case of the world’s best-performing currency this year
A Russian ruble coin with a U.S. dollar bill and a quarter dollar coin in Moscow, on Oct. 10, 2023. Alexander Nemenov | AFP | Getty Images In the midst of a long-drawn war, declining oil prices, stiff sanctions, and an economy that’s on the downhill, Russia’s ruble has been rising. In fact, it is […]
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As the dollar falters, the world’s central banks tread a tightrope — devalue their currency or not
U.S. one hundred dollar bills. Nurphoto | Nurphoto | Getty Images The dollar has been sliding and the ripple effect on other currencies has brought a mix of relief and headache to central banks around the world. Uncertainty about U.S. policymaking has led to a flight out of the U.S. dollar and Treasurys in recent […]
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Goldman Sachs expected the Turkish lira to plunge in excess of 3 months. It happened in just 3 days
Residents waiting at a bus end under a substantial Turkish flag in Istanbul, Turkey, on Sunday, April 30, 2023. Bloomberg | Bloomberg | Getty Pictures The Turkish lira has prolonged its write-up-election freefall this week, presently surpassing a Goldman Sachs forecast for a substantial weakening of the forex above the following couple months. The U.S. […]
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Turkish lira carries on slide to new report lows adhering to Erdogan’s election victory
Persons walking following to a Turkish countrywide flag at the historical grand bazaar in Istanbul. Ozan Kose | AFP | Getty Photographs The Turkish lira slumped to nevertheless a different all-time small Tuesday, extending its slide following the re-election of incumbent President Recep Tayyip Erdogan. The currency was final investing at 20.15 towards the greenback at all over 5 […]
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Turkey’s lira sinks to in close proximity to history low as Erdogan is reelected
A person holding a Turkish flag. Uriel Sinai | Getty Illustrations or photos The Turkish lira sank Monday as incumbent Recep Tayyip Erdogan secured his victory in the 2023 presidential election, extending his rule into a third decade in power. The forex was investing at 20.44 versus the greenback as of 10 a.m. Monday morning […]
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As Turkey heads to the polls, forex traders are bracing for complete chaos
Turkish flag more than a DenizBank creating. Turkey is predicted to head to the polls on Sunday. Ismail Ferdous | Bloomberg | Getty Illustrations or photos The Turkish lira is now experiencing some of the most risky situations across worldwide currency markets in the operate-up to the country’s landmark elections this weekend, with traders predicting […]
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