ZAR & TRY: Rand suffers more than lira - MUFG

Derek Halpenny, European Head of GMR at MUFG, notes that with the rising US yield the rand has weakened sharply to record lows while the lira has remained well below the record low versus the dollar.
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European stocks drop after a positive start, miners slide

The stock markets in the Europe turned lower, undoing the positive start to trading as mining shares took a hit following weak China data.
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