Dollar Surges Against Turkish Lira On Reports Of Military Activity

By Joseph Adinolfi Markets MarketWatch Pulse

The U.S. dollar soared against the Turkish lira Friday after reports of gunfire in Ankara, the capital of Turkey. Reuters also reported that authorities closed two bridges in Istanbul, and that military jets and helicopters were seen flying over Ankara. The dollar soared 2% against the lira to its strongest level in a week, buying 2.92 lira, compared with 2.88 late Thursday. The iShares MSCI Turkey ETF was down 2.5% to $41.61.

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