Turkish lira hammered again as crisis spills into Asian markets
President Tayyip Erdogan has said Turkey is the victim of a 'political, underhand plot' (AFP Photo/ADEM ALTAN)/ Asian markets tumbled and the Turkish lira dived almost eight percent Monday on fears that the economic crisis gripping Turkey could spill over into the global economy. With investors already on edge over the China-US trade war, the lira's collapse sparked a sell-off in Europe and New York at the end of last week, with safe haven assets including the Japanese yen and Swiss franc rallying. The lira dived to a record low of 7.2362 ...
Click
To Read Full Article