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US dollar rises to 5 months highest against TL

by Daily Sabah

ISTANBUL Aug 21, 2014 - 12:00 am GMT+3
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by Daily Sabah Aug 21, 2014 12:00 am
The US dollar rose to its highest against the Turkish Lira in 5 months, hitting the 2.1880 mark on Thursday.

After the U.S. Federal Reserve hinted on Wednesday that a surprisingly strong jobs market recovery could lead to an increase in interest rates earlier than it had been anticipated, the Dollar hit its highest since March 28.


The Federal Reserve released minutes from its July 29-30 meeting showing policy makers increasingly at odds over how strong the US labor market is and what that means for inflation -- a key issue in planning rate hikes next year.
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  • Last Update: Aug 21, 2014 12:20 pm
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