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Stocks Recover as Turkish Lira Woes Take a Pause

World share markets rebounded on Tuesday as Turkey’s lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest wobbles in China’s giant economy.

After three weeks of heavy pounding, the lira got some respite as signs Turkish authorities were trying to address the unresolved damage triggered a more than 5 percent relief rally to just under 6.5 per dollar

via Reuters

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