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Is The Japanese Yen In The Same League As Argentine Peso, Turkish Lira — Report Paints A Bleak Picture
Wednesday, November 1, 2023 - 10:37pm | 591Deutsche Bank, in a recent report, compared the Japanese Yen with some of the world’s weakest currencies. What Happened: The report drew parallels between the weak fundamentals of the yen and those of the Argentine peso and the Turkish lira. It was authored by George Saravelos, Global Head of...
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Turkish Lira Falls To Near-Record Lows After Erdogen Wins Presidency
Monday, May 29, 2023 - 12:36pm | 284President Recep Tayyip Erdogan has been re-elected in a presidential run-off election in Turkey, extending his tenure as the nation's longest-serving leader. This victory came after a close race against opposition leader Kemal Kilicdaroglu, in which Erdogan missed achieving the necessary 50% of...
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Turkish Lira Rise 2% Over Weekend Amid Leadership Shake-Up
Sunday, November 8, 2020 - 7:11pm | 291The Turkish lira rose by more than 2% against the U.S. dollar over the weekend, a departure from the usual for the country's currency in recent years. What Happened: Turkish Finance Minister Berat Albayrak announced his resignation on Sunday, citing health reasons. This was the...
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Turkish Trouble Lurks Again For This ETF
Tuesday, May 28, 2019 - 7:40am | 555It has been another brutal year for investors in the iShares MSCI Turkey ETF (NASDAQ: TUR). The lone exchange traded fund in the U.S. dedicated to Turkish equities is down more than 17 percent year to date while the MSCI Emerging Markets Index is up by 2.18 percent. What Happened TUR is lower by...
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Lira's Corrective Slide Lower Set To Resume As Death-Cross Nears
Friday, February 22, 2019 - 10:42am | 413The USD/TRY is trading is trading up 0.3% at 5.3360, the strongest level since in the last three weeks. Technically, the USD/TRY is trading in a sideways corrective trend after a sharp depreciation to 7.1375 in August last year with a 100-day and 200-day moving averages nearing to form a death-...
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Forex Experts Discuss Turkey, Lira Meltdown
Monday, August 13, 2018 - 9:17am | 698Turkey's national currency, the lira, continues to trade near all-time lows against the U.S. dollar, and the country is approaching an economic crisis, the BBC reported. Here's what investors need to know Monday morning. The Analysts Jose Luis Daza, chief investment officer at...
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The Turkish Crisis: What You Need To Know About Erdogan, The Lira, Turkey
Friday, August 10, 2018 - 11:39am | 834U.S. stocks and the Turkish lira plummeted Friday after President Donald Trump threatened to double tariffs on steel and aluminum and said diplomatic relations with Turkey are “not good.” Here’s a rundown of what investors need to know. Where Problems Started The lira began its...
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Keys To More Upside For The Turkey ETF
Friday, June 24, 2016 - 8:20am | 473Up nearly 13 percent year-to-date, the Ishares Msci Turkey Inv Market Index Fd (NYSE: TUR) is one of this year's better-performing single-county emerging markets exchange-traded funds. Turkish Delight? TUR's bullishness this year's comes amid lingering concerns about the country's...
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Don't Bet On A Rebound For The Turkey ETF
Thursday, December 10, 2015 - 11:04am | 557The Ishares Msci Turkey Inv Market Index Fd (NYSE: TUR) is off just 0.8 percent this quarter, a showing far superior to the 3.4 percent lost by iShares MSCI Emerging Markets Indx (ETF) (NYSE: EEM). However, investors might want to curb their enthusiasm for Turkish stocks and TUR. Judging by the...
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Market Wrap For January 29: Markets Lower on Fed Taper, Emerging Markets Worries
Wednesday, January 29, 2014 - 6:38pm | 2416U.S. stocks were unable to keep yesterday's momentum and ended the day sharply lower. The Dow suffered yet another triple digit decline with the S&P 500 and Nasdaq indices shedding more than one percent. In Ben Bernanke's final meeting as Fed chief, the FOMC tapered its monthly bond...
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Wall Street Banks Turn Negative on Emerging Markets
Tuesday, January 7, 2014 - 5:38pm | 486Emerging markets no longer provide some of the world's most compelling investment opportunities. According to several top-tier Wall Street research firms such as Goldman Sachs (NYSE: GS) and JPMorgan (NYSE: JPM), investors should put their money to work elsewhere. Goldman Sachs is forecasting...