ANKARA: Turkey’s lira extended its recent losses on Thursday, weakening as far as 17.50, as the dollar’s broad strength was compounded by worries about Turkey’s soaring inflation and foreign exchange policy.

The lira was down some 0.45% against the US currency to trade at 17.4975 at 0951 GMT. After a brief rally two weeks ago, the lira is now 24% weaker so far this year, having tumbled 44% in 2021.