The Turkish lira tumbled to a fresh record low Wednesday, extending its slide against the U.S. dollar since President Recep Tayyip Erdogan started his third term. The decline took the currency's ...

The cost of borrowing Turkish liras overnight in the offshore market jumped on Thursday before a long weekend as traders exited so-called carry positions amid a steady decline in the currency.

The Turkish lira’s sharp falls Monday show that policy makers’ measures to artificially stabilize the currency are reaching their limits, Commerzbank says. Turkey’s central bank will try to ...