Why Turkey’s Lira Is Having a Rough Year
July 06, 2021 at 09:30 AM EDT
A Turkey country-specific exchange traded fund has been among the worst performers this year, as the Turkish economy grapples with a weakening lira currency and a high inflation rate. The iShares MSCI Turkey ETF (NasdaqGM: TUR) has declined 16.77% year-to-date. Meanwhile, the U.S. dollar has...