Turkey’s lira slides further to 17.1 against dollar

Turkey Lira banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration

ISTANBUL, July 6 (Reuters) – The Turkish lira weakened 0.5% against the dollar early on Wednesday, hit by broad strength in the U.S. currency and by investor concerns about soaring inflation and economic policies to deal with it.

The lira , which lost 1% of its value a day earlier, slipped as far as 17.1 from a close of 17.02 on Tuesday. It has lost 23% of its value against the dollar this year, on top of a 44% slump last year.

Reporting by Nevzat Devranoglu;
Editing by Daren Butler

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