Lira Defense to Fail as Further Falls Likely, Cinemre Says
October 05, 2011, 11:52 AM EDT
By Selcuk Gokoluk
(Updates lira in fifth paragraph.)
Oct. 5 (Bloomberg) -- Turkey’s record purchase of lira to shore up the currency is unlikely to halt declines as the debt crisis in Europe may worsen, reducing appetite for emerging markets, said Fokus Yatirim Holding AS’s Kubilay Cinemre.
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