ISTANBUL/ANKARA (Reuters) – President Tayyip Erdogan told Turks on Friday to exchange their gold and dollars into lira, with the country’s currency in free fall after President Donald Trump turned the screws on Ankara by doubling tariffs on metals imports.
Investing.com – U.S. inflation unexpectedly held steady in July, relieving the pressure on the Federal Reserve to speed up its normalization of monetary policy.
MOSCOW (Reuters) – The Russian rouble sank to its lowest level since early June 2016 on Friday, battered by concerns over the impact of new U.S. sanctions, falling oil prices and a broadly stronger dollar.
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