Turkish Lira Rebounds After Qatar Pledges $15 Billion
ANKARA, Turkey — The Turkish lira continued to rebound from record losses on Thursday a day after Qatar pledged $15 billion in investments to help Turkey’s economy.

ANKARA, Turkey — The Turkish lira continued to rebound from record losses on Thursday a day after Qatar pledged $15 billion in investments to help Turkey’s economy.
Turkish President Recep Tayyip Erdogan has responded to the diplomatic spat engulfing Turkey-U.S. relations by pledging a national boycott of U.S.-made electronic goods.
The Single Supervisory Mechanism, the European Central Bank’s financial watchdog, has become concerned about the knock-on effects the fall of the Turkish lira will have on some of Turkey’s European lenders after it experienced one of the biggest one-day falls of any free-floating currency in 20 years.