Reuters
Ritvik Carvalho
Aug. 10, 2018
LONDON (Reuters) - A plummeting Turkish lira sent ripples through global equities and emerging markets on Friday, as rising fears of a wider fallout sent investors scurrying for the safety of assets such as the yen and U.S. government bonds.
The lira fell as much as 12 percent against the dollar earlier in the day, its worst day since Turkey’s financial crisis of 2001, on the back of a deepening rift with the United States, worries about its own economy and lack of action from policymakers.
The currency is down more than 35 percent this year, its losses accelerating as the dollar jumped to 13-month highs
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https://www.reuters.com/article/us-global-markets/stocks-dive-euro-falls-as-turkey-turmoil-ripples-out-idUSKBN1KV03F
