24 MAY

The Turkish lira is plunging after an emergency rate hike

Thomson Reuters

The Turkish lira continued selling off Thursday.
It had dropped to all-time lows Wednesday, prompting the central bank to raise interest rates ahead of its June meeting.
Follow the lira in real time here.

The Turkish lira continued sinking Thursday as investors blew off an emergency interest rate hike.

The lira was down 5.15% to 4.7858 versus the dollar at 8:00 a.m. ET, resuming a selloff that brought the currency to all-time lows Wednesday.

See the rest of the story at Business Insider

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