Erdogan wins elections

Source: Dukascopy Bank SA
The Turkish President Tayyip Erdogan has won the Turkish Presidential Election and has extended his rule into a third decade by defeating Kemal Kilicdaroglu.
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Mon, 29 May 2023 11:09:01 GMT

Lira hits record low level

The Turkish Lira has reached a record low level against peer currencies. The USD/TRY traded above 20.0750 during mid-European hours. The drop of the currency was caused by the re-election of Recep Rayyip Erdogan as the country's President. 

Tue, 30 May 2023 10:30:07 GMT

Nikkei hits record high

The Japanese stock index Nikkei has hit a high level not seen since 1990. The index traded at 31,560,43 during Monday's trading. The surge was attributed to a decline of the Yen, which in turn was caused by the US debt deal announcement causing a strengthening of the US Dollar.

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