Lira Ends Two-Day Gain as Focus Turns to Turkey Risks Before Fed

Updated on
  • Market odds for U.S. interest-rate increase at 30 percent
  • Moody's says Turkey among countries most at risk from Fed

Turkey’s lira ended a two-day rally before a Federal Reserve interest-rate decision that risks damping appetite for emerging-market assets that have been the most vulnerable to selling pressure this year.

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