Ukraine tensions may be longer-term boon for Turkish lira
March 17, 2014
Buying the Turkish lira versus the dollar or the euro might be a counter-intuitive play on any prolonged tensions between Russia and Ukraine on the north side of the Black Sea. Turkey's strategic position and its potential as a conduit for natural gas from Asia to Europe make the turmoil in Ukraine a reason for renewed effort to put the Turkish economy back on an even keel. Over time, that could lead to a rise in the value of the lira.
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