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Monday, December 26, 2011

Turkish Lira Advances First Time in Four Days in Istanbul Trade - Bloomberg

Turkish Lira Advances First Time in Four Days in Istanbul Trade

By Selcuk Gokoluk - Dec 26, 2011 2:13 AM ET

The lira gained for the first day in four and headed for the biggest increase in six days.

The currency strengthened 0.4 percent to 1.8931 per dollar at 9:08 a.m. in Istanbul, trimming this year’s losses to 18.5 percent, the second worst performance among more than 20 emerging market currencies tracked by Bloomberg.

More:Turkish Lira Advances First Time in Four Days in Istanbul Trade - Bloomberg