Friday, August 19, 2011

Lira Approaches its Lowest Since 2009 on Rate Cut Bet, Europe Debt Concern - Bloomberg

Lira Approaches its Lowest Since 2009 on Rate Cut Bet, Europe Debt Concern

By Selcuk Gokoluk - Aug 19, 2011 6:32 AM ET

The lira fell for a second day, approaching the lowest level since March 2009, on speculation that a global slowdown will prompt the central bank to cut rates next week, curbing demand for the currency.

More:Lira Approaches its Lowest Since 2009 on Rate Cut Bet, Europe Debt Concern - Bloomberg