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
See Also:
- Turkey's lira is rallying after a $15 billion loan from Qatar
- The Turkish lira has finally stabilised as Erdogan promises action against 'economic terrorists'
- Turkey could solve its banking crisis with one simple mechanism — but Erdogan is ideologically against it
SEE ALSO: These are the countries most at risk if Turkey's lira crash spirals into a debt crisis
DON'T MISS: Turkey could solve its banking crisis with one simple mechanism — but Erdogan is ideologically against it
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