|Day Low/High||5.98 / 6.19|
|52 Wk Low/High||4.99 / 7.34|
Turkey's lira fell to a fresh all-time low against the dollar overnight, extending its losses since July past 51%, as the country's economic crisis threatened to spillover into markets all over the world.
Turkey's lira has fallen to a record low against the dollar, and its $860 billion economy -- four times the size of Greece -- is teetering on the edge of a full-blown financial crisis.
Turkey's economic crisis threatened to spill over into the global financial markets Friday as the lira plunged to a fresh all-time low, sending safe-haven assets, including the U.S. dollar, notably higher and hitting stock markets all over the world.
This has put downward pressure on Turkish sovereign debt.
Global stocks are on the march Monday, with solid gains in Europe and Asia following last week's stronger-than-expected jobs reports from the United States.
Global risk appetite disappeared Monday as investors piled cash into both the dollar and safe-haven government bonds amid a potentially existential crisis for the European single currency following the collapse of Italy's nascent populist government over the weekend.
Italy's latest political chaos has thrown regional markets into chaos Tuesday, sending short-term government bond yields on their biggest one-day move since 1992 as investors fear new elections in the region's third-largest economy could be fought on membership of the single currency.
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