|Day's range||3.757 - 3.817|
|52-week range||3.3892 - 3.9808|
NEW YORK (Reuters) - Major world equity markets rallied and government bond yields fell on Tuesday as strong corporate profits, steady global growth and low inflation provide scant alternatives for investors outside of stocks.
The Turkish lira has had a bad couple of weeks, with the dollar and the euro rallying to new highs against it on the back of high inflation and political uncertainty.
The U.S. dollar continues to rise versus the Turkish lira, adding to its gain after Turkey’s central bank warns of a potential rise in inflation before year-end.
By Sujata Rao and Ritvik Carvalho LONDON (Reuters) - Recent declines in inflation are providing emerging markets with a substantial yield buffer against volatility caused by domestic politics or rising yields in the West. The one major exception is Turkey. Turkey's lira fell this week after a visa spat erupted with the United States, and its bond yields spiked to their highest since 2009 of around 11.4 percent, according to JPMorgan's GBI-EM index of emerging debt.
Investing.com - The dollar edged lower against a basket of the other major currencies on Monday as the pound rebounded after last week’s slump and the Turkish lira was pressured lower by a simmering diplomatic crisis between the U.S. and Turkey.
Investing.com - The Turkish lira remained sharply lower against the U.S. dollar on Monday but was off the weakest levels of the session as a brewing diplomatic crisis between the U.S. and Turkey escalated.
By Herbert Lash NEW YORK (Reuters) - World shares edged lower on Monday after key German and U.S. indexes hit fresh record peaks, while oil prices rose slightly on comments by OPEC's secretary general that indicated further possible cuts in crude production. The dollar slipped on Monday from a 10-week peak against a basket of currencies as the euro strengthened and stocks on Wall Street faded from their initial highs. The U.S. dollar rose against the Japanese yen but was lower against the euro and a basket of key currencies after hovering near a 10-week high. ...