It was another bad day for the Turkish lira, which after plunging 5.8% in the first days of 2017, fell as much as 1.8% in early trading, dropping to a new all time low of 3.78 against the dollar, down nearly 7% YTD against the USD, pressured by a deteriorating economy, unpredictable terrorist and militant attacks, and a authoritarian president. The lira also passed 4 to the euro for the first time on Tuesday, with a deputy prime minister saying the economy was being targeted by “sabotage and attacks”.