13.10.2015 - Turkish lira slides as blasts risk deepening political tension
Turkey's lira declined for a second day and bonds fell as bombings in Ankara threatened to ratchet up political tension before elections next month. The currency weakened as much as 1.8 percent, trading 0.4 percent lower at 2.9218 against the dollar at 6:45 p.m. in Istanbul, after blasts killed at least 97 people at a peace rally on Saturday. The yield on two-year notes rose the most in two weeks. The Ankara attack was the deadliest in Turkey's recent history and has heightened the nation's political and ethnic tensions already exacerbated by the civil war in neighboring Syria. The lira has plunged 20 percent this year, the biggest decline after Brazil's real among 24 emerging-market currencies tracked by Bloomberg, after inconclusive elections in June failed to produce a majority government as security risks escalated at home and abroad...............................................Full Article: Source
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