Deniz Çiçek

Confidence in Turkey's economy rebounded in February after a two-month dip, the Turkish Statistical Institute (TÜİK) reported on Feb. 27.

The Economic Confidence Index surged 6.8 percent to 91.5 in February compared to last month, TÜİK said in a statement.        

The Turkish Lira appreciated against the U.S. dollar early on Feb. 23 amid hints from the Federal Reserve pointing to rate hikes as soon as March.       

The U.S. dollar/Turkish Lira rate dipped to as low as 3.5756 points, the lowest figure since Jan. 4, when the rate began its move toward its historic high of 3.9423 on Jan. 11.        

The consumer confidence index declined to 68.9 in November, a 6.9 percent decrease compared to the previous month, data from the Turkish Statistics Institute showed on Nov. 22. 

The Turkish lira lagged an emerging market recovery on Jan. 12, staying under pressure after a deadly bomb blast in central Istanbul rattled investors but failed to cause sharp losses.

The lira briefly dipped to 3.0488 per dollar, its lowest since September after news broke of the suicide bombing in Turkey's biggest city, which killed at least 10 people.

Turkey's current account deficit narrowed to $2.1 billion in November 2015, a decrease of $3.689 billion from November of the previous year, the Turkish Central Bank said in a statement on Jan. 11.

Turkey's lira slipped to a new three-month low on Jan. 7, after North Korea made a nuclear test and Beijing guided the yuan lower, prompting concerns about the state of the Chinese economy and triggering an emerging market sell-off.

The Turkish Lira hit new lows against the U.S. dollar early Sept. 7, due to concern over Turkey's worsening security situation, after Kurdish militants carried out one of their deadliest bomb attacks on Turkish troops in years.

At 10:33 a.m., the lira stood at 3.0269 against the U.S. currency, after touching a low of 3.0475 overnight.

The lira's weekly losses against the dollar reached almost 4 percent on July 24 as Turkish air strikes on Islamic State of Syria and the Levant (ISIL) insurgents in Syria and nationwide police raids on militants fuelled investor concerns about Turkey's security risks.