The Turkish lira slid on Wednesday landing at all-time lows against the United States dollar and the euro amid political turmoil in the country.
Earlier, Turkish police detained Istanbul Mayor Ekrem Imamoglu over a corruption probe. The arrest comes a few days ahead of his being named the...
The dollar sank compared to the yen on Monday, reaching a low unseen since December 17. On Friday, the Bank of Japan raised interest rates to 0.5%, taking them to their highest level in 17 years. The country's business activity improved slightly in January, although manufacturing lagged behind...
The euro climbed against the dollar on Friday, hitting a five-week high following the latest economic data. The Eurozone's private sector returned to growth in January, according to a preliminary PMI report. Although manufacturing remains in contraction, it is moving toward a recovery, led by an...
The euro jumped to its highest point against the British pound since late August 2024 on Monday.The report revealed that Germany's producer inflation rose for the second consecutive month, highlighting economic resistance that appeared to bolster the euro's upward movement. The European...
The pound sterling weakened against major world currencies on Wednesday, touching its lowest level against the American greenback since late April last year.Yields on long-term government bonds in Britain reached their highest level in over two decades, raising concern about the economic outlook...
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