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Friday, July 22, 2011

Turkish Lira Extends Two-Year Low on Deficit, Monetary Policy - Bloomberg

"Turkish Lira Extends Two-Year Low on Deficit, Monetary Policy
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By Selcuk Gokoluk - Jul 22, 2011 10:33 AM ET

The lira weakened the most in five weeks and fell to a record against the euro on concern over the widening current-account deficit and signals from the central bank that it would retain record low rates. "

More:Turkish Lira Extends Two-Year Low on Deficit, Monetary Policy - Bloomberg