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A sudden drop of the Turkish lira

Bloomberg said that the Turkish lira fell again, amid liquidity scarcity and continued losses of emerging market currencies. The decline came suddenly after days in which the Turkish currency remained stable. According to the source,…

New rise in oil prices

World oil prices recovered from their early losses, despite assurances from Washington that top producers could increase production quickly enough to offset supply shortages from Iran and elsewhere. US Energy Secretary Rick Perry said he…