Turkish assets pull back after best session in three years
September 22, 2013
Turkey's financial markets lost momentum on Friday after the US Federal Reserve prompted the biggest daily gains for the lira and Istanbul stocks in more than three years in the previous session. The Fed's decision to postpone the scaling back of its economic stimulus gave Turkey some breathing space after months when investors have worried about how the country will finance its large current account deficit once the cheap Fed money which has bolstered its capital markets is withdrawn.
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