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Alarm bells were ringing Thursday as new U.S. sanctions drove down Russia's ruble and worries that Turkey was sliding toward a full-blown economic crisis battered the lira.The ruble slid to its lowest since late 2016, hitting 66.1 rubles to the dollar and leaving it almost 4 percent lighter than it had been 24 hours previously.There was widespread selling in the country's bond markets and Istanbul stocks dropped 1 percent too.China had announced additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel to autos.The tariffs will apply to billions of dollars in U.S. gasoline, diesel and other oil products, though not crude. The oil market took the news hard Wednesday, suffering losses of more than 3 percent.The euro was subdued at $1.1590, while the dollar index was up at 95.282 .
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