The huge drop in Turkey’s lira valuation in the wake of the Turkish military advance into Syria has made it October’s worst-performing major currency, a move that looks even starker considering most emerging market currencies have powered ahead.
The lira is no stranger to volatility, but this month’s 5% dive against the dollar stands out when compared to a 1.3% gain for MSCI’s Emerging Markets Currency Index. ....
Tags : Turkish currency, MSCI’s Emerging Markets, NATO, European Union governments ,
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