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Wednesday, January 04, 2012

Turkish Lira Heads for Three-Week High as Bank Sells Dollars for Third Day - Bloomberg

Turkish Lira Heads for Three-Week High as Bank Sells Dollars for Third Day

By Selcuk Gokoluk - Jan 3, 2012 11:24 AM ET

The lira headed for the highest level in three weeks as the Turkish central bank sold dollars in the currency market for a third day and signaled it would raise the banks’ funding costs.

More:Turkish Lira Heads for Three-Week High as Bank Sells Dollars for Third Day - Bloomberg