Protestors clash with riot police in Istanbul, Turkey on June 1, 2013.
Protestors clash with riot police in Istanbul, Turkey on June 1, 2013. - 
Listen To The Story
Marketplace

Amid a surge of anti-government protests in Turkey, the Turkish lira has fallen compared to the U.S. dollar. But it doesn't end with the lira and political unrest in Turkey -- many emerging market currencies are down. When interest rates were extremely low in the U.S., investors put their money in rapid growth economies. As U.S. rates rise, that cash is coming back. What are the global economic reverberations ?

Chris Turner, head of foreign exhcange strategy at ING Commercial Banking in London, joins Marketplace Morning Report host David Brancaccio to discuss.

 

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow David Brancaccio at @DavidBrancaccio