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TRY Slips on Reports of Downing of Armenian Jet

TURKISH LIRA

TASS reports that that a Turkish F-16 Jet has shot down an Armenian SU-25, citing the Armenian defense ministry.

TRY weakens in response, with USD/TRY climbing toward the session's best levels and briefly touching a new record high as markets remain cautious given Russia's warning earlier today that Turkey should look to held end the Armenia - Azeri dispute, rather than fuel it.

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