US Resumes Dollar Shipments to Iraq After Months-Long Suspension 
Russia’s Deadly Kyiv Missile and Drone Attack Kills 27 as Zelensky Urges Faster Air Defense Support 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
US Envoy Urges Taiwan to Build ‘Hornet’s Nest’ Drone Defense Against China 
Air Force Investigates Officer After Capitol Protest Calling for Trump, Vance Impeachment 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan 
UN Chief Urges Nations to Close $100 Million UNRWA Funding Gap 
Democratic Socialist Melat Kiros Unseats Rep. Diana DeGette in Colorado Democratic Primary 
Ukraine Preparing for Possible Russian Offensive From Bryansk, Military Chief Says 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
The Turkish Lira has come under fresh pressure in recent days as political risk continues to weigh. The Lira has significantly underperformed against peers such as the rand. TRY/ZAR has slumped to multi-month lows at 5.1866.
Turkey's escalating conflict with Russia is a major cause, but that has been gradually digested by the market. The dissolution of the Constitutional conciliation commission after main Opposition party (CHP) quit the working group is a more abrupt development. While the Turkish PM has appealed to the speaker of the parliament to reconvene the group, there are less chances that a compromise can be reached.
"AKP will now probably try to launch a referendum on an executive presidency system, and if it cannot get the necessary support, we could face early elections yet again, although this is not our baseline scenario at the moment." said Commerzbank in a report.
