Friday, August 26, 2011

Turkish Lira Strengthens on Lower-Than-Expected Trade Deficit - Bloomberg

Turkish Lira Strengthens on Lower-Than-Expected Trade Deficit

By Benjamin Harvey - Aug 26, 2011 10:57 AM ET

The Turkish lira strengthened after trade data for July showed a lower-than-expected deficit, backing the central bank’s efforts to try and narrow the current-account gap without hampering growth.

More:Turkish Lira Strengthens on Lower-Than-Expected Trade Deficit - Bloomberg