Lira Fluctuates as the Inflation Rate in Turkey Rises Above 11%
By Selcuk Gokoluk on May 03, 2012
The lira fluctuated between gains and losses after the inflation rate rose to the highest in 3 1/2 years.
The Turkish currency appreciated as much as 0.3 percent to 1.7559 per dollar, paring an earlier depreciation of 0.2 percent. It traded less than 0.1 percent weaker at 1.7618 per dollar by 5:49 p.m. in Istanbul. The central bank is due to publish its assessment on the latest inflation data tomorrow.
More:Lira Fluctuates as the Inflation Rate in Turkey Rises Above 11% - Businessweek
