Turkish Lira Falls Against US Dollar

Video : Turkish Lira Falls Against US Dollar

According to Reuters, the Turkish lira is dropping after US President Donald Trump announced new tariffs on imports from Turkey.Turkish President Tayyip Erdogan has been imploring citizens to exchange gold and US dollars for lira, after the country’s currency fell more than 18-percent against the US dollar.Over the year, the lira has dropped more than 40-percent.Globally, investors have also been turning towards the US dollar and the Japanese yen as safe-haven assets. Watch video for more details.