Turkish lira decreased after coup


Currency pair dollar/lira increased on 3%. The main reason is crushed military coup in Turkey. Putsch began on Friday night, when Turkish military tried to seize the government. The coup attempt was reportedly suppressed by early Saturday, but event affected currency pair USD/TRY growth. Turkey covered by currency panic, and people started actively withdraw money from cash machines. Investors withdraw money, because of that credits could increase in price. This kind of panic can negatively affect Turkish economics and stock market.

Political events in Turkey give chance for traders to gain income on currency pair USD/TRY growth. Trading will be available from Monday to Friday, from 9:00 to 15:30 GMT time.

The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.