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Thursday, August 04, 2011

UPDATE 3-Turkish lira weakens after c.bank's surprise rate cut | Reuters

"UPDATE 3-Turkish lira weakens after c.bank's surprise rate cut

ISTANBUL, Aug 4 (Reuters) - The Turkish lira weakened some 2 percent, bond yields fell and stocks dropped 3 percent on Thursday in surprise at the central bank's move to cut its policy rate to stimulate an already fast-growing economy."

More:UPDATE 3-Turkish lira weakens after c.bank's surprise rate cut | Reuters