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Lira Crash Spurs First Central Bank Intervention Since 2014

  • Turkey central bank sold foreign currency to support lira
  • Lira initially rallied on the news, then pared the advance
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Turkish Lira in Collapse Territory, Says Exante Data’s Nordvig
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Turkey’s central bank fought to shore up the plunging lira, directly intervening in foreign-exchange markets for the first time in seven years.