"Turkish Lira Leads Emerging Market Currencies Lower, Bonds Fall
By Selcuk Gokoluk - Dec 9, 2010 6:37 PM GMT+0200
Turkey’s lira fell the most among major emerging market currencies and bonds weakened as Fitch Ratings Ltd. downgraded Ireland’s debt, reducing appetite for riskier assets.
The lira depreciated 0.9 percent to 1.5075 per dollar at 5:45 p.m. in Istanbul. Benchmark two-year bonds dropped, pushing yields up 2 basis points to 7.66 percent, according to an ABN Amro index. The main ISE National 100 index lost 1,790.73, or 2.6 percent, to 65,913.88. "
More:Turkish Lira Leads Emerging Market Currencies Lower, Bonds Fall - Bloomberg
