Turkish lira headed for worst week in nearly three months ...Kuwait

Turkey's lira headed for its worst week since March on Friday as surging inflation fanned fears of more policy tightening, while the Russian rouble firmed even as the central bank cut rates. The rouble gained as much as 56.72 to the dollar, its highest level in more than two weeks. The Russian central bank cut its key interest rate by 150 basis points to its pre-crisis level of 9.5% and the country eased some capital controls. Lower rates pressure the rouble and support prices of OFZ treasury bonds, but the currency is still supported by capital controls that have been steering it since Moscow invaded Ukraine on Feb. 24. "The rouble is almost impossible to trade for

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