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Friday, December 10, 2010

Turkish Lira Rises After Central Bank Reduces Dollar Buying - Bloomberg

"Turkish Lira Rises After Central Bank Reduces Dollar Buying
By Selcuk Gokoluk - Dec 10, 2010 6:32 PM GMT+0200

Turkey’s lira strengthened against the dollar for the first day this week after the central bank bought the least amount of dollars in a daily auction for more than two months.

The lira rose 0.3 percent to 1.5041 per dollar at 5:30 p.m. in Istanbul, bringing the week’s decline to 1.8 percent. The currency gained 0.6 percent against the euro to 1.9857. "

MoreŞTurkish Lira Rises After Central Bank Reduces Dollar Buying - Bloomberg