Prospect of Turkey crunch packs a weak punch for emerging markets

Foreign currency rates displayed on a board at a currency exchange office, in Ankara, Turkey, Friday, May 8, 2020. Turkey's currency has dropped to an all-time low against the dollar as the country struggles with the economic impact of the coronavirus pandemic. The Turkish lira fell to 7.26 against the dollar Thursday, surpassing the previous record low of 7.24 reached during a currency crisis in August 2018. (AP Photo/Burhan Ozbilici)





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