Lira Appreciates for First Time in Three Days as Central Bank Cuts Lending
By Selcuk Gokoluk - Mar 13, 2012 6:59 AM ET
The lira strengthened for the first time in three days as the central bank reduced money available to lenders after the currency lost ground yesterday, weakening to a six-week low.
The lira appreciated 0.4 percent to 1.7878 per dollar as of 12:53 p.m. in Istanbul after it weakened 0.4 percent yesterday to its lowest level since since Jan. 25.
More:Lira Appreciates for First Time in Three Days as Central Bank Cuts Lending - Bloomberg
