#Turkey doubled tariffs on some U.S. imports including alcohol, cars and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied about 6 percent after central bank’s liquidity moves had the effect of supporting the currency https://reut.rs/2MNZfaH
10:57 AM - August 15, 2018
The plunge in Turkey’s lirato a series of record lows over the past week sent tremors through global markets. While the currency has recovered a little lost ground since yewsterday, investors are fretting about contagion via stress on foreign banks and firesales of emerging market assets.
World
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