Washington

10 things you need to know before the opening bell

8 monthes ago   |   By Business Insider

Burhan Ozbilici/AP
Here is what you need to know.
The Turkish lira continues its plunge. It hit an all-time low against the dollar on Friday after a Turkish delegation in Washington failed to prevent US sanctions over the arrest of the American pastor Andrew Brunson. The European Central Bank said it was concerned about lenders' exposure to Turkey. See the rest of the story at Business Insider NOW WATCH: A diehard Mac user switches to PC See Also: 32 photos that show how obsessed Japan is with minimalism We shopped at a Walgreens, a CVS, and a Rite Aid to see which was the best drugstore...
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The Turkish lira is sinking so fast it risks 'smashing into the ground' - and people are worried about European contagion

The Turkish lira is sinking so fast it risks 'smashing into the ground' - and people are worried about European contagion

8 monthes ago   |   By Business Insider

Thomson Reuters
The Turkish lira has fallen more than 10% against the dollar after a Turkish delegation in Washington failed to prevent US sanctions.
There are concerns that contagion could spread to Europe. The euro dropped below 1.15 against the dollar on Friday.
"is falling so fast that a parachute is the first thing that comes to mind to prevent the lira smashing into the ground," Bart Hordijk, Market Analyst at Monex, Europe told Business Insider.
Turkish President Recep Erdogan and his newly appointed finance minister Berat Albayrak are due to speak at 2 p.m. local time today.
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