{"id":76849,"date":"2015-08-14T01:46:47","date_gmt":"2015-08-14T05:46:47","guid":{"rendered":"http:\/\/countingpips.com\/?p=76849"},"modified":"2015-08-14T07:31:57","modified_gmt":"2015-08-14T11:31:57","slug":"turkish-lira-hits-record-low-on-political-uncertainty","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/08\/turkish-lira-hits-record-low-on-political-uncertainty\/","title":{"rendered":"Turkish Lira hits record low on political uncertainty"},"content":{"rendered":"<div id=\"inves-1921468130\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 14, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The Turkish lira weakened to a fresh record low against the dollar above 2.84 on Friday after talks on forming a coalition government broke down, raising the prospect of a snap election this autumn.<\/p>\n<p>The lira hit a record level of 2.8419 and was at 2.8390 at 0505 GMT, bringing losses against the U.S. currency this year to more than 17 percent.<\/p>\n<p>Prime Minister Ahmet Davutoglu, who\u2019s also head of the governing AK Party, said on Thursday that negotiations with the main opposition CHP to form a government had failed. The currency tumbled to a record low, while bonds and stocks also fell.<\/p>\n<p>\u201cAn early election is the only option ahead,\u201d Davutoglu said after meeting CHP leader Kemal Kilicdaroglu in Ankara, calling on parliament\u2019s factions to back a fresh ballot.<\/p>\n<p>Investor sentiment toward the $800 billion economy soured after the AKP lost its parliamentary majority in June for the first time in more than a decade. A suicide bombing last month blamed on Islamic State, and the subsequent collapse of a peace process with the nation\u2019s restive Kurdish minority, pushed Turkey\u2019s risk premium to the highest level in more than a year.<\/p><div id=\"inves-2596676349\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The Turkish lira weakened to a fresh record low against the dollar above 2.84 on Friday after talks on forming a coalition government broke down, raising the prospect of a snap election this autumn. The lira hit a record level of 2.8419 and was at 2.8390 at 0505 GMT, bringing losses against [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-76849","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=76849"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76849\/revisions"}],"predecessor-version":[{"id":76870,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76849\/revisions\/76870"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=76849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=76849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=76849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}