- Global markets are on edge once again, this time thanks to the Turkish lira.
It crashed more than 15% against the US dollar, euro and pound sterling on August 10 and continued to fall when markets reopened after the weekend on August 13.
- Emre Tarim
- The Conversation
The latest trigger was Donald Trump’s announcement that he would double import tariffs on Turkish steel and aluminium.
With their mammoth depth and reach, global currency markets reflect big shifts to new economic and…