Turkish Lira Reverses Losses as Central Bank Vows to Take Steps
By Constantine Courcoulas
, Onur Ant
, and Tugce Ozsoy
May 16, 2018, 11:46 AM GMT+2 Updated on May 16, 2018, 1:57 PM GMT+2
The Turkish lira reversed a drop to a record low after the central bank said it was monitoring markets and would take necessary steps, a sign policy makers are getting closer to action to stem a rout.
More:Turkish Lira Reverses Losses as Central Bank Vows to Take Steps - Bloomberg
