Turkish Lira weakens to 3 against dollar
ISTANBULThe Turkish Lira has weakened to 3.0 against U.S. dollar, its weakest since early October.
Almost all emerging markets were hit by geopolitical tension amid rising Middle East uncertainty and North Korea’s announcement that it had carried out a nuclear test, compounding worries about the Chinese economy.
Against such an uncertain outlook, currency investors have moved into safer investments, with the dollar and the yen climbing.
The greenback was sitting at one-month highs against the euro, with the single currency buying $1.0731, while the British pound was near one-year lows at $1.4638, according to AFP data.