Euro falls to one-year low as investors worry financial crisis could infect European markets
The Turkish lira fell almost 9% in early trading on Monday and the euro hit a one-year low as investors feared that the country’s financial crisis could spread to European markets.
Despite defiant words by the Turkish president Recep Tayyip ErdoÄŸan over the weekend pledging as yet unspecified action to reverse the slide, the currency slipped alarmingly against the US dollar on Monday.
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