The Turkish lira is down more than 4% against the U.S. dollar and is at a record low following the arrest of the mayor of Istanbul, Erdogan’s biggest political opponent. Markets are worried about a decline in trust in the Turkish government and the implications for the country’s financial position.

Source: xStation
Chart of the Day: USD/JPY highly volatile ahead of US CPI
Morning Wrap: Global sell-off in the technology sector (13.02.2026)
BREAKING: US jobless claims slightly higher than expected
Market Wrap: UK Stagnation, Tariffs Weigh on Giants, and Crypto Stabilizes