As Fed officials released minutes from its July 29-30 meeting,giving signals to start raising interest rates in light of an improving job market and rising inflation, the Turkish lira fell below 2.18 to the dollar on Wednesday and the American dollar strengthened against other major currencies.
After tonight's Fed statements on possible interest raise financial markets turning their eyes to Federal Reserve Chair Janet Yellen's speech on Friday at the annual Jackson Hole Economic Symposium conference.
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