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US Dollar climbs to the peak of the last three weeks after announcement by TSK

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Dollar / TL parity rose gradually following the statement issued by Turkish Armed Forces regarding military drill along the Iraqi border. The parity closed at 3.4740 on the free market and saw 3.4856 in interbank transactions. While the strengthening of dollar prior to the US Central Bank’s meeting on Wednesday caused currencies of developing countries to depreciate, Turkish Lira became the currency with the highest loss after the the Turkish Armed Forces (TSK) announced the launch of the exercise in the Silopi / Habur region, increasing political risks prior to the referendum to be held in northern Iraq next week.

In the statement made from the Turkish Armed Forces (TSK), it was stated that the operations to combat terrorism continued in the border region simultaneously with said drill along the Iraqi border.

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