March 21, 2017•Update: March 21, 2017
By Fatih Erkan Dogan
ANKARA
The U.S. dollar dipped below 3.60 Turkish liras as emerging market currencies rallied on Tuesday.
The rate dropped to 3.5930 liras -- the lowest level since Feb. 27.
The US dollar index, which tracks the currency’s value against a basket of major currencies, dropped to 99.76 points, hovering near a six-week low.
The declining dollar is largely attributed to growing anticipation that the U.S. Federal Reserve will gradually increase interest rates.
