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Monday, October 22, 2007

Turkish Lira Plunges Versus Dollar

"Turkish Lira Plunges Versus Dollar

As Tensions With Kurds Heat Up [USD/TRY] 10/22/2007 2:42:12 PM The Turkish lira fell sharply on Monday amid indications that Turkey will launch a military incursion into Northern Iraq. The BBC reported Sunday that Kurdish rebels killed 12 Turkish soldiers, just days after Turkish legislators gave the government the authority to move on Kurdish fighters across the border."

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