The Turkish lira fell today after Turkey’s warplane was shot down by Syrian forces in international airspace, heightening political tensions between the Middle Eastern countries.
Turkey said that it considers what an answer should be for the incident. Tensions between the countries were already high as Syria criticized Turkey for hosting meetings for Syrian anti-government groups, while Turkey called Syria to change the government and blamed it for deaths of anti-government protesters. As it can be expected, the political turmoil weakened appeal of the Turkish currency.
USD/TRY advanced from 1.8156 to 1.8189 as of 12:28 GMT today, while the intraday maximum was at 1.8256.
If you have any questions, comments or opinions regarding the Turkish Lira, feel free to post them using the commentary form below.
Earlier News About the Turkish Lira: