Turkish lira dips as euro zone fears outweigh c.bank moves
Fri Jul 20, 2012 9:19pm IST
ISTANBUL, July 20 (Reuters) - The Turkish lira slipped on
Friday as support from the central bank's decision to keep
interest rates on hold was outweighed by investor jitters about
Spain's ability to avoid a full-blown bailout, which hit
emerging market currencies broadly.
The lira was at 1.8077 against the dollar by
1302 GMT, weakening from 1.8041 late on Thursday.
The euro hit record lows as doubts that the Spanish
government can avoid a full bailout grew following news that the
heavily indebted region of Valencia had called for aid.
More:Turkish lira dips as euro zone fears outweigh c.bank moves | Reuters