Qatar will invest $15 billion in Turkey, Turkish news site NTV reported Wednesday, citing Turkish officials. The news followed a meeting between Turkish President Recep Tayyip Erodgan and Qatar's Sheikh Tamim bin Hamad Al Thani earlier in the day.
The Turkish lira spiked to a session high versus the U.S. dollar and the euro in response. The past few trading days have been dominated by Turkey's spiraling currency crisis, which is underpinned by its high current account deficit, foreign currency-denominated debt and high inflation.
While market participants have been calling for interest rate hikes to stave off further lira weakness, Erdogan has been steadfastly against higher rates, which exacerbated the selloff.
One dollar last bought 5.9910 lira down 5.9%, while the euro fetched 6.7720 lira down 6.1% from Tuesday. The iShares MSCI Turkey ETF was last up 3.9%.
Source: Marketwatch
RELATED NEWS
US Senate Confirms Barr as Attorney General
Saturday, 16 February 2019 04:17 WIBSenat Amerika hari Kamis (14/2) mengukuhkan William Barr sebagai jaksa agung pilihan Presiden Donald Trump,. Senat memberikan 54 suara mendukung dan 45 menentang untuk konfirmasi itu. Barr, yang menjabat sebagai jaksa agung di bawah Presiden George H. W. Bush, dipilih oleh Trump untuk menggantikan ...
Pompeo: US, Europe Can Cooperate on Iran Despite Differences
Friday, 15 February 2019 19:11 WIBMenteri Luar Negeri AS Mike Pompeo mengatakan Amerika dan Eropa masih tetap dapat bekerja bersama mengenai isu Iran biar pun ada perbedaan tentang apa yang disebut Amerika œnegara sponsor utama teror di dunia. Pompeo mengemukakan hal tersebut pada penutupan konferensi diplomatik di Warsawa. Ia...
Trump to Declare National Emergency as He Signs Border Security Bill
Friday, 15 February 2019 11:07 WIBPresiden Donald Trump akan mengumumkan keadaan darurat nasional sehingga ia dapat melewati Kongres dan mendapatkan uang untuk membangun tembok di sepanjang perbatasan dengan Meksiko. Baik Senat dan DPR telah mengesahkan RUU keamanan perbatasan yang menghindari penutupan pemerintah federal lainnya p...
Senate to Vote on Trump's Attorney General Pick
Friday, 15 February 2019 04:22 WIBSenat Amerika dijadwalkan memberikan suara pada hari Kamis (14/2) untuk mengukuhkan William Barr sebagai jaksa agung pilihan Presiden Donald Trump. Barr, yang menjabat sebagai jaksa agung di bawah Presiden George H. W. Bush, dipilih oleh Trump untuk menggantikan Jeff Sessions, yang dipecat oleh pre...
Pakistan to Host Next Round of US-Taliban Peace Talks
Thursday, 14 February 2019 18:19 WIBAmerika dan Taliban siap melakukan perundingan damai pada Senin (18/2) di Pakistan untuk mencari penyelesaian politik bagi perang yang sudah berlangsung 17 tahun di Afghanistan. Juru bicara Taliban, Zabihullah Mujahid, mengatakan, Rabu (13/2), pertemuan Senin nanti diadakan di Islamabad atas undang...
Pound Slips Before Brexit Vote Amid ERG Threats
Aussie Advances on Chinese Shipments, Tariff Report
Gold Ends Lower, Building on a Weekly Decline
Euro, Pound hit Multi-Week Lows as Dollar Remains Firm
U.S. Dollar Falls After Retail Sales Slump
Hong Kong Stocks Fall on Trade Talks Uncertainty
Saturday, 16 February 2019 04:19 WIB
Hong Kong stocks fell Friday amid uncertainty over the outcome of US-China trade talks in Beijing, following Wall Street's negative lead on weak US retail sales.
The Hang Seng Index lost 1.87 percent, or 531.21 points, to 27,900.84.
The benchmark...