How does 2% down compare to the worst of historical performance, particularly among currencies that have fallen from world reserve grace. The British pound, the French franc?The collapse is driven by numerous factors: the rally in oil, the strength in the U.S. dollar, the surge in global bond yields, ongoing political uncertainty, signs of weakening economic growth from macro indicators are all weighing on the currency as well as Turkish stocks, which were down over 2%, making them underperformers among peers.
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