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Wednesday, February 16, 2011

Turkish Lira Gains 1st Day in 3 on Bets Rate Cuts Are Finished - Bloomberg

"Turkish Lira Gains 1st Day in 3 on Bets Rate Cuts Are Finished
By Selcuk Gokoluk - Feb 16, 2011 4:10 AM ET

The Turkish lira appreciated for the first time in three days on speculation the central bank’s decision to leave its main interest rate on hold yesterday indicates borrowing-cost reductions are over. "

More:Turkish Lira Gains 1st Day in 3 on Bets Rate Cuts Are Finished - Bloomberg