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[$$] Daily briefing: Turkish lira low, failed blockbusters, ‘ghost’ weapons

Mercedes Ruehl, Jennifer Bissell-Linsk and Neil Maxwell

The beleaguered currency fell as much as 11 per cent to a new record low of TL7.2362 to the dollar in early Asian trading. It later rallied, but was trading at TL6.85 to the dollar in early European trading, still 6.5 per cent lower on the session. Turkish stocks were also hit, with the BIST 100 benchmark index dropping 2.3 per cent, reaching its lowest level in US dollar terms since early 2009.