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USD hits new historic peak against Turkish lira

Global markets demand the US dollar as developing countries' currencies weaken.

02.01.2014 - Update : 02.01.2014
USD hits new historic peak against Turkish lira

ISTANBUL

The Turkish lira fell to $2.1827, a historic low against the US dollar (USD) on Thursday.

The USD hit a new historic peak against the Turkish lira after the US's 10-year fixed note reached an all time high in a two and a half year period as global markets' demands on the USD increased.

The Euro/Turkish Lira parity also came up to 2.9944 at midday.

Analysts predict that the USD's rise against the Turkish lira will continue in the second half of the day as global interests will be decisive.

Last week, the USD hit a historic high against the Turkish lira, which was valued at $2.1037

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