FINANCE - Turkish Lira continues sinking amid Central Bank’s auction moves:
"The U.S. dollar continued its high flight this morning, again rising in excess of 2.00 Turkish Liras despite the Turkish Central Bank’s efforts to prevent the currency’s slide.
The Turkish currency first fell to 2.00 liras to the dollar last week before slightly increasing in value. It started today at 1.99 liras before again climbing to over 2.00 liras at 11:53 a.m.
The stock market was also flat at the opening before falling 0.23 percent. The main share index of the country, BIST 100, was also trading at 67,779 points by midday.
Turkey’s two-year bond yield also reached its highest figure since June 2012 at 10.12 percent this morning."
'via Blog this'
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