Tuesday, July 31, 2012

UPDATE 1-Turkey's lira firms, trade deficit narrowing | Reuters

UPDATE 1-Turkey's lira firms, trade deficit narrowing

* Shares steady, Garanti down after lower-than-expected results (Adds trade data, bonds, equities, quotes)

ISTANBUL, July 31 (Reuters) - The Turkish lira firmed to its strongest in one year against a euro-dollar basket on Tuesday as investors bought Turkish bonds ahead of inflation data and a lower-than-expected trade deficit pointed to continued improvement in the external balance.

More:UPDATE 1-Turkey's lira firms, trade deficit narrowing | Reuters