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Thursday, March 19, 2015

Turkish lira rallies against dollar after Fed holds rates Anadolu Agency

Turkish lira rallies against dollar after Fed holds rates

19 March 2015 09:21 (Last updated 19 March 2015 09:27)
Diminishing U.S. dollar concerns may provide a boost for Turkish assets: analyst

ANKARA

The Turkish lira rallied against the U.S. dollar Thursday, after U.S. Federal Reserve Board Chair Janet Yellen indicated that an interest rate rise might not come soon.

The lira was holding at about 2.57 to the dollar Thursday, down from levels close to 2.64 earlier this week.

More:Turkish lira rallies against dollar after Fed holds rates Anadolu Agency