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The Turkish lira plunged as much as 17% against the dollar. The decline reflected tensions with the United States and Turkish authorities' reluctance to raise interest rates.
A sharp lira drop signals emerging-market stress and dollar strength, which can weigh on dollar-priced commodity demand from importing countries.
money.cnn.comDaniel Shane and Ivana KottasováAug 10, 2018After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
