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Turkish lira falls to weakest level this year

BENGALURU:Turkey’s lira fell to a six-month low on Thursday as risks of tighter US monetary policy after strong inflation data weighed on most emerging market assets, with stocks set for their worst day since late March. The lira fell around 0.8 percent to 8.4968 against the dollar, just a few points shy of its 8.5789 record low. The currency was likely subject to offshore selling on Thursday, given that Turkish markets were closed for a holiday. Recent losses in the lira have brought the focus back to Turkey’s shrinking foreign exchange reserves, as well as its central bank, which is hesitant to tighten policy even as inflation surges.

EMERGING MARKETS-Turkish lira leads FX losses, stocks tumble on inflation fears

EMERGING MARKETS-Turkish lira leads FX losses, stocks tumble on inflation fears Reuters 2 hrs ago Popular Searches CEE currencies gain slightly By Shashank Nayar May 13 (Reuters) - Turkey s lira fell to a six-month low on Thursday as risks of tighter U.S. monetary policy after strong inflation data weighed on most emerging market assets, with stocks set for their worst day since late March. The lira fell around 0.8% to 8.4968 against the dollar, just a few points shy of its 8.5789 record low. The currency was likely subject to offshore selling on Thursday, given that Turkish markets were closed for a holiday. Recent losses in the lira have brought the focus back to Turkey s shrinking foreign exchange reserves, as well as its central bank, which is hesitant to tighten policy even as inflation surges.

Why the post-Covid retail market is ripe for IPOs – International Supermarket News

Why the post-Covid retail market is ripe for IPOs With over 450 IPOs already listed on the market this year, including the likes of Moonpig and Dr Martens,  Maxim Manturov, Head of Investment Research at  Freedom Finance Europe, explains why the post-Covid market is ripe for IPOs and what decision retailers need to make before choosing to go public “Interest in retail is steadily returning following a slow recovery after the pandemic, which has boosted confidence in the retail market. However, during the pandemic the retail industry was drastically altered resulting in many retailers migrating online. While this move to online was a leap of faith for retailers, it led to rapid growth among a plethora of retail organisations,” explains 

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