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Wednesday, October 20, 2010

Turkey’s Rapidly Rising Currency Has Downside - NYTimes.com

"Turkey’s Rapidly Rising Currency Has Downside
Monique Jaques for The New York Times

A pedestrian shopping street in Istanbul. Foreign investment and tourism are lifting the economy and raising the value of the lira.
By LANDON THOMAS Jr.
Published: October 19, 2010

ISTANBUL — Day after day, the Turkish stock market has been setting records, lifted by a flood of foreign capital in search of higher yields in Turkey and other fast-growing emerging markets."

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