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Turkish Currency Woes Put Erdogan in Tight Spot in Re-Election Bid

The Turkish lira is increasingly under siege amid mounting international investors’ concerns. The publication Monday of unexpectedly poor economic data saw the lira approach record lows. The increasing financial turbulence comes as opposition parties begin to narrow the gap ahead of the June 24 presidential and general elections and voter concerns over the economy grow. “We are in such a knife-edge situation,” said analyst Atilla Yesilada of Global Source Partners. “There is extremely...

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