Lira Eclipses Real as Biggest Emerging-Markets Loser of 2020
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The Turkish lira weakened for a ninth day, overtaking Brazil’s real as the worst performer in emerging markets this year.
The currency dropped as much as 1.4% to 8.5434 per dollar Tuesday and breached the level of 10 per euro for the first time, even as most of its peers advanced. The decline brought the lira’s loss this year against the greenback to almost 30%.