Lira Gains as Surprise Turkey Surplus Offers Cushion Before Fed
Constantine Courcoulas
November 11, 2015 — 6:11 AM EST
The Turkish lira strengthened the most in emerging markets after the country posted a current-account surplus for a second-straight month, signaling falling oil prices may reduce the nation’s vulnerability to higher U.S. interest rates. Bonds and stocks also advanced.
More:Lira Gains as Surprise Turkey Surplus Offers Cushion Before Fed - Bloomberg Business
