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Tuesday, October 18, 2011

UPDATE: Turkey To Sell Maximum $1.35B At Daily FX Auction - WSJ.com

UPDATE: Turkey To Sell Maximum $1.35B At Daily FX Auction

By Joe Parkinson and Clare Connaghan

Of DOW JONES NEWSWIRES

ISTANBUL (Dow Jones)--Turkey's central bank stepped up its fight to stem lira depreciation on Tuesday, announcing for the third time this month it would offer a record $1.35 billion at its daily foreign exchange-selling auction.

More:UPDATE: Turkey To Sell Maximum $1.35B At Daily FX Auction - WSJ.com