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The article discusses a continued decline in the Turkish lira against the U.S. dollar on January 21, 2013, with contributing factors said to include rising interest rates on U.S. Treasury securities, political instability in Turkey, and the failure of Turkey's central bank to impose an interest-rate hike.

The article discusses the effects of issues such as U.S. economic stimulus policies, Turkish Prime Minister Recep Tayyip Erdogan's response to political protests, and possible U.S. military strikes against Syria on the emerging economy of Turkey in 2013.

The article discusses the U.S. military's preparation of several options for arming or resupplying the Syrian Kurds who are fighting to keep the Islamic State extremist group from taking over the city of Kobani, Turkey, focusing on the Turkish government's opposition to American-supplied weaponry.

The article discusses a decline in several emerging-market currencies relative to the U.S. dollar on January 23, 2014. The Argentinian peso fell nearly 16% and the Turkish lira, Russian ruble, and South African rand also recorded losses. Commentary is presented on perceived causes including political unrest in Turkey, signs of a slowdown in economic growth in China, and evolving monetary policy in the U.S.