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Turkey’s lira hit its highest levels against the dollar in a month as some investors bet U.S. President Joe Biden and Turkish President Recep Tayyip Erdoğan might resolve a spat over Russian missiles at a meeting on Monday.
Turkey’s lira extended a record low on Friday even after consumer price inflation slowed for the first time in eight months and the central bank pledged tight monetary policy.
(Adds detail, analyst comment) ST PETERSBURG, June 3 (Reuters) - Russia’s National Wealth Fund (NWF) will sell off all its U.S. dollar assets, increasing the share of its holdings in euros, Chinese yuan and gold, Finance Minister Anton Siluanov said on Thursday, with the changes expected within a month. Russia has gradually reduced its dollar holdings since the imposition of Western sanctions following Moscow’s annexation of Crimea in 2014, and has sought to partially decouple from the Western financial system. “Like the central bank, we have decided to reduce investments of the NWF in ...
Turkey’s lira plunged to fresh record lows against the dollar after President Recep Tayyip Erdoğan said interest rates must be lowered in July or August.
Belarus government bonds tumbled back to the lows of last year's political crisis on Monday, after authorities forced an airliner to land on Sunday, arresting a journalist on board and drawing condemnation from Europe and the United States.