Tuesday, October 04, 2011

Lira Weakens to Record Low on Central Bank Defense Concern - Businessweek

Lira Weakens to Record Low on Central Bank Defense Concern
October 04, 2011, 11:31 AM EDT

By Selcuk Gokoluk

Oct. 4 (Bloomberg) -- The lira fell to a record low as the central bank offered fewer dollars than some investors expected in an auction today, fueling concern it isn’t doing enough to defend the currency.

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