Turkish lira sinks to record low against USD

ISTANBUL, June 7 (Xinhua) -- The Turkish currency hit an all-time low against the U.S. dollar on Wednesday, trading at over 23 liras.

After seeing 23.17 at 1:23 p.m. local time (1023 GMT) against the greenback, the lira stood at 23.05, losing around 7 percent of its value in a single day.

The currency tested over 25 thresholds against the Euro in the morning and later dropped to 24.85.

Meanwhile, t