4 Min Read ISTANBUL (Reuters) - Turkey’s lira edged lower in early trading on Monday, adding to a recent slide and nearing an all-time low as a chill settled on relations with the United States and after the new central bank chief signalled that rate hikes would harm the economy. FILE PHOTO: Turkish lira banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration The currency, among the worst performers in emerging markets this year, touched 8.425 versus the dollar, nearing its low water mark in 2021 and close to its record 8.58 reached in early November. “Market negativity is intense. (The) risk of an overshooting episode is unfortunately elevated,” said Robin Brooks, chief economist at the Institute of International Finance.