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The Turkish lira approached 50 per US dollar in October 2026, hitting a fresh record low as authorities maintained a controlled pace of depreciation while intervening in foreign exchange markets to prevent a sharper decline. The lira remains exposed to carry-trade positioning, with investors borrowing in lower-yielding
MSCI EM stocks down 0.9%, FX slips 0.5% US 10-year Treasury yield hits highest level since 2007 South African rand hits seven-week low after central bank's 25 bps rate hike Turkish finance minister to hold meetings on fund liquidation crisis By Utkarsh Hathi Sept 24 (Reuters) — An index of emerging market currencies he