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Thursday, January 29, 2015

Turkish Lira Slumps to Record Low - WSJ

Turkish Lira Slumps to Record Low
Currency Plunges After Central Bank Warns It May Cut Rates Next Week
By
Yeliz Candemir

ISTANBUL—The Turkish lira sank to a record low against the dollar on Thursday, hit by expectations that the central bank may cut interest rates as soon as next week.

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