Turkish Lira Falls amid Current Account Deficit & Corruption Scandal

The Turkish lira fell today as the nation’s current account deficit widened, while the corruption scandal continues to deter investors from bringing capital into the country.
The shortfall of the Turkish current account widened from $2.9 billion in October to $3.9 billion in November. It was above the $4.3 billion median estimate of economists. The police probe into some politicians’ activities hurt Turkey’s attractiveness as an economy into which to bring money.
USD/TRY rose from 2.1811 to 2.1869 as of 18:17 GMT today.

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