Lira falls as Erdogan suffers blow in Turkey's municipal ballot

2019-04-01 07:36

The Turkish lira fell after President Recep Tayyip Erdogan’s ruling party looked set to lose control of key cities in a vote on Sunday.

Rand ‘rides wave’ as Turkish lira firms

2018-10-16 10:23

The rand has continued to strengthen on the back of lower-than-expected US retail sales as well as a firmer Turkish lira, firming to a high of R14.28 to the greenback on Tuesday morning.

Rand gains 1.6% against the dollar as Turkey hikes rates

2018-09-13 13:27

The rand has been taking its cue from the movements of the Turkish lira in recent days, as SA's fellow emerging markets battle economic difficulties.

Turkish inflation accelerates more than expected on weak lira

2018-09-04 07:27

Turkey’s consumer inflation has accelerated more than expected last month as a tanking currency boosted prices.

SA hit by one-two punch of falling rand and capital outflows - Moody's

2018-08-24 18:49

South Africa has been one of the emerging markets worst affected by Turkey’s economic slump, according to a new report by the global ratings agency.

Emerging-market assets on the rack as Turkey shatters confidence

2018-08-20 08:01

Emerging-market assets may be headed for more tumult as the volatility that gripped nations from Turkey to South Africa and Russia shows few signs of ebbing.

Volatile rand continues to see-saw around the R14.50/$-level

2018-08-16 13:29

Analysts say the period of sharp volatility for the local currency is likely to continue, with both local and international factors playing a role.

Turkey could solve its banking crisis with a massive hike in interest rates — but Erdogan is ideologically against it

2018-08-13 13:56

Analysts agree that an easy fix would be to raise interest rates by as much as 10 percentage points, encouraging investors to put more money in Turkish banks. This is unlikely to happen given that Turkish President Tayyip Erdogan has called interest rates "evil."

'Clear risks of contagion': European markets drop as Turkey's lira crisis spreads around the world

2018-08-13 10:55

Spain and Italy are leading losses, down around 1% each. Elsewhere, losses are hovering between 0.5% and 0.8%, as investors continue to digest last week's 25% fall in the currency.

Rand plunges in early trade in emerging market rout

2018-08-13 08:04

The rand plunged against the dollar in early trade as it continued to be dragged lower by the Turkish lira and Russian rouble.

 

Rand firms 1% against the dollar as emerging markets make a comeback

2018-10-29 13:37

The rand joined a number of its emerging market peers in strengthening against the greenback on Monday morning.

Rand continues to gain from Turkish rate hike

2018-09-14 10:48

The Turkish central bank on Thursday raised the benchmark interest rate from 17.75% to 24%, which caused the lira to strengthen.

Rand again firms as markets await Turkish central bank move

2018-09-13 11:00

The local currency has now firmed by almost 5% against the dollar from its midweek low a week ago, but analysts warn it is still in volatile territory.

Turkish Central bank pledges policy action to stem inflation

2018-09-03 13:29

Turkey’s central bank signaled higher interest rates are in the offing after inflation rose more than forecast in August and producer prices surged.

Reserve Bank will watch Turkey closely in case SA catches its economic flu

2018-08-20 20:47

CEO of the Geneva Management Group, Dave Elzas told Fin24 that international investors get cold feet due to global markets often reacting by asset class or bracket.

Rand breaches R15/$ in volatile trade

2018-08-17 11:32

Andre Botha, senior currency Dealer at TreasuryONE, said in a morning note that the rand was still taking its cue from risk-averse emerging market sentiment.

Turkey's lira is rallying after a $15 billion loan from Qatar

2018-08-16 11:03

It is helping to boost the embattled rand.

Look: The moment the rand, and 5 other emerging-market currencies, followed the Turkish lira into meltdown

2018-08-13 12:51

The rand wasn't alone; the crash in the Turkish lira rapidly spread around the world.

Turkey's policy making paralysis promises more tumult in markets

2018-08-13 08:32

Turkey is set for another week of financial-market turmoil: its face-off with the US shows no sign of abating as the policy making vacuum grows.

The Turkish lira is sinking so fast it risks 'smashing into the ground' — and people are worried about European contagion

2018-08-13 07:44

A 10% plummet also dragged down the rand, which breached R15 to the dollar before recovering somewhat.

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