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What to Know as Turkey’s Currency Crisis Rattles World Markets

Annie Gilroy
What to Know as Turkey’s Currency Crisis Rattles World Markets

A currency crisis is currently rattling the world markets. Today, the Turkish lira (TUR) has plunged 20% against the US dollar (UUP), bringing its YTD (year-to-date) fall to 42%. The markets fear that this will spread to other regions, especially emerging markets (EEM).