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Turkish Lira Crashes to Record Low

The Turkish lira crashed today, sinking 5% to the record low before recovering a bit. The currency still trades far below the opening level.

Euro Drops to New YTD Lows on Disappointing Eurozone PMIs

The euro today hit new 2018 lows against the US dollar following the release of disappointing advance PMI data from across the Eurozone. Some of the PMIs released by IHS Markit included the Markit/BME Germany Manufacturing PMI, which missed expectations by a significant margin.

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