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MNI: *** Broader risk off flows/USD strength.........>

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MNI: *** Broader risk off flows/USD strength triggered over the last 20 minutes
or so, looks to stem from worries surrounding Turkey, with focus on an
aforementioned FT report which noted that  the ECB has become concerned about
the exposure of some of the currency area's biggest lenders to Turkey - chiefly
BBVA, UniCredit and BNP Paribas - in light of the lira's dramatic fall.
- Elsewhere Turkish President Erdogan appeared resolute against the headwinds
being posed, stating that they may have their dollars, but we have people and
our God.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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