Turkey's currency crisis rages on as lira sinks again
Turkey's currency dropped again Monday as the country wrestled with a crisis that has rattled markets around the world.
Sections
Extras
Watch Now
Turkey's currency dropped again Monday as the country wrestled with a crisis that has rattled markets around the world.
President Donald Trump said Friday he is greenlighting a doubling of steel and aluminum tariffs on Turkey and warned that US relations with the country "are not good at this time."
Worries over a fragile Turkish economy and the risk of contagion in Europe unnerved investors on Friday and sent the lira to a record low against the US dollar.
Turkey is trying desperately to halt a collapse in its currency that could trigger an economic crisis just as the country prepares to vote in an election.