-
Turkey's lira sinks to two-month low in post-election trade
Turkey's lira slipped to a fresh two-month low as financial markets kicked off trading in the wake of the country's Sunday presidential and parliamentary election with the race for presidency appearing headed for a runoff. The currency weakened to 19.70 to the dollar before retracing some of its losses to 19.66, on track for its worst session since early November. That was not far off the 19.80 level it hit in early March following deadly earthquakes in February. Parties of both incumbent Tayyip Erdogan and opposition rival Kemal Kilicdaroglu were claiming the lead but sources in both camps admitted they may not ... (full story)