Turkish Lira weakens to 3 against dollar

The Turkish Lira has weakened to 3.0 against U.S. dollar, its weakest since early October. 

Almost all emerging markets were hit by geopolitical tension amid rising Middle East uncertainty and North Korea's announcement that it had carried out a nuclear test, compounding worries about the Chinese economy.

Against such an uncertain outlook, currency investors have moved into safer investments, with the dollar and the yen climbing. 

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