XE Market Analysis: Turkish Lira's Losses Accelerate

OVERVIEW Major FX is relatively steady while some emerging market currencies are significant under-performers as we await Donald Trump’s press conference at 11:00ET. UK industrial and manufacturing production both rose more than expected in November, adding to signs that growth momentum continued in the fourth quarter. Despite UK exports hitting an all-time high in November, the UK trade deficit widened more than expected to £12.1 billion as imports increased at a record pace. HIGHLIGHT The Turkish Lira has posted fresh record lows for a second straight day, falling over 3% against the US Dollar as its central bank remained reluctant…

Source: XE news feed
XE Market Analysis: Turkish Lira’s Losses Accelerate