Monday, December 19, 2011

UPDATE 1-Turkish lira hits 3-week low on corporate fx demand | Reuters

UPDATE 1-Turkish lira hits 3-week low on corporate fx demand

Mon Dec 19, 2011 12:11pm EST

* Lira down on strong local dollar demand

* Shares dip on low risk appetite

* Bond yields up, volumes excessively thin (Adds closing prices, events, fresh quotes)

ISTANBUL, Dec 19 (Reuters) - The Turkish lira weakened to its lowest level since Nov. 28 versus the dollar on Monday due to strong corporate dollar demand and shares declined 1.8 percent hurt by a pessimistic report about Turkey's economy.

More:UPDATE 1-Turkish lira hits 3-week low on corporate fx demand | Reuters