Turkey’s Lira Heads for Biggest Decline as Greek Talks Erode Risk Appetite
By Selcuk Gokoluk - Feb 6, 2012 5:09 AM ET
The lira headed for its biggest fall this year on weaker investor sentiment as the debt-swap deal between Greece and its creditors remains elusive.
The Turkish currency depreciated 0.8 percent at 1.7668 per dollar, paring this year’s gain to 7 percent at 11:26 a.m. in Istanbul. The decline today is the biggest since Dec. 28. Yields (BENCH) on the benchmark two-year bond fell nine basis points, or 0.09 percentage point, to 9.38 percent, a Turk Ekonomi Bankasi index of the securities showed.
More:Turkey’s Lira Heads for Biggest Decline as Greek Talks Erode Risk Appetite - Bloomberg
