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Turkish Lira's Fall Drives Concerns for Euro

The lira’s sharp drop in recent days is fueling concerns of a fallout that could spread beyond Turkey’s borders. Next up: the euro.

The lira has fallen almost 19% against the dollar this year, on pace for its steepest annual decline since 2018, when it lost more than one-quarter of its value. Against the euro, it has lost a fifth of its value this year.


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