Monday February 18, 2019
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US pulls Patriot missile systems from Turkey

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2015-08-17_0010Ankara: The US has decided to withdraw its border protection mission in Turkey which was deployed against possible threats from Syria, a joint statement by Washington and Ankara said on Sunday.

“The US has informed the Turkish government that the US deployment of Patriot air and missile defence units in Turkey which expires in October will not be renewed beyond the end of the current rotation,” Xinhua reported citing the statement.

The batteries would be re-deployed to the US for “critical modernisation upgrades that will ensure the US missile defence force remains capable of countering evolving global threats and protecting Allies and partners, including Turkey,” said the statement, adding that this decision follows a US review of global missile defence posture.

The US and NATO are committed to supporting Turkey’s security and regional stability, and if needed, the US was prepared to return Patriot assets and personnel to Turkey within one week, noted the statement.

(IANS)

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US Dollar Weakens Amid Gloomy Economic Data

The Australian dollar rose to $0.7105 from $0.7094.

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US Dollar
The dollar index, which measures the greenback against six major peers, fell 0.15 per cent at 96.9817 in late trading. Pixabay

The US dollar declined as the allure of the greenback diminished amid a slew of downbeat economic data.

In late New York trading on Thursday, the euro rose to $1.1299 from $1.1269 in the previous session, and the British pound decreased to $1.2801 from $1.2850 in the previous session, Xinhua news agency reported.

The Australian dollar rose to $0.7105 from $0.7094.

The US dollar bought 110.47 Japanese yen, lower than 110.99 Japanese yen of the previous session. The US dollar was down to 1.0047 Swiss franc from 1.0088 Swiss franc, and it increased to 1.3281 Canadian dollars from 1.3250 Canadian dollars.

US Dollar
The Australian dollar rose to $0.7105 from $0.7094. Pixabay

US retail sales in December fell 1.2 per cent from the prior month, the worst drop in nine years, the Commerce Department reported on Thursday.

The unexpected decline, which came after a downwardly revised 0.1 per cent increase in November, signals a weaker economic momentum.

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The dollar index, which measures the greenback against six major peers, fell 0.15 per cent at 96.9817 in late trading. (IANS)

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