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Stock impact report

Turkey doubles tariffs on some U.S. imports; lira rallies 6:35am EDT [Reuters]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: Reuters
Turkey doubles tariffs on some U.S. imports; lira rallies | Reuters 5 Min Read ISTANBUL (Reuters) - Turkey doubled tariffs on some U.S. imports including alcohol, cars and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied further after central bank’s liquidity moves had the effect of supporting the currency. Ankara acted amid increased tension between the two NATO allies over Turkey’s detention of a Christian American pastor and other diplomatic issues, which have helped send the lira tumbling to record lows against the dollar. The currency TRYTOM=D3 has lost more than 40 percent against the dollar this year, driven by worries over Erdogan's growing influence over the economy and his repeated calls for lower interest rates despite high inflation. The rebound of around 6 percent on Wednesday, briefly strengthening to less than 6.0 against the dollar, came after the central bank squeezed lira liquidity in the market, effectively pushing up rates and supporting the Show less Read more
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