The Turkish lira is falling again — but stock market investors are returning to Turkey at their fastest rate in half a decade - Creak News

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The Turkish lira is falling again — but stock market investors are returning to Turkey at their fastest rate in half a decade

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Turkish President Tayyip Erdogan speaks during the sixth Congress of the ruling AK Party (AKP) in Ankara, Turkey, August 18, 2018.REUTERS/Umit Bektas

  • The Turkish lira continues to fall against the US dollar on Monday.
  • Credit rating agencies S&P and Moody's both downgraded Turkey late Friday, stoking fears about the state of the Turkish economy.
  • UBS said Turkish stocks saw their biggest investor inflows since early 2013 last week as investors "buy the dip."

LONDON — The Turkish lira is weakening against the dollar on Monday morning as investors continue to fret over the state of the country's economy.

The dollar is up 1.7% against the lira to 6.0853 as of 11:04 a.m. BST (6:04 a.m. ET):

See the rest of the story at Business Insider

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SEE ALSO: These are the countries most at risk if Turkey's lira crash spirals into a debt crisis

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