Turkish lira hits new high against dollar as investors brace for another rate cut

Turkish lira hits new high against dollar as investors brace for another rate cut

An electronic board displays information about exchange rates at a currency exchange office in Istanbul, Turkey, Monday, August 29, 2022. Nicole Tung | Bloomberg | Getty Images The Turkish lira hit a new record low on Thursday, trading at 18.377 against the dollar at 11:30 a.m. in Istanbul and continuing its fall of more than …

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