Turkish Lira Heads Toward Record Low as Post-Coup Purge WidensBy and
Societe Generale recommends selling lira against dollar
Central bank lowers overnight lending rate by 25 basis points
Turkey’s lira traded within 1 percent of an all-time low as a purge of the country’s institutions and the prospect of a junk rating from Moody’s Investors Service deepened concern about the fallout from last week’s failed coup.
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