Summary
Turkey's currency, the lira, has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country's ability to manage the situation.
Higher rates can support a currency and ease inflation, but also hinder economic growth by making borrowing more expensive.
Turkey's market jitters in part reflect a global trend in which the currencies of emerging economies have come under pressure.
Turkey's currency is under particularly heavy pressure because of the complicated political backdrop.
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