The Turkish lira hit a new record low against the U.S. dollar at 3.0769 on Wednesday after Standard & Poor's lowers Turkey's sovereign credit outlook amid concerns following the failed coup attempt.
The dollar last reached 3.07 level on September 24, 2015.
S&P decreased Turkey's foreign currency rating to BB from BB-plus with negative outlook, which means that the credit agency could further lower the rating in short or medium term.
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