Turkish lira eases on lack of clarity on IMF talks

Posted by 7Star Monday, January 18, 2010

The Turkish lira eased slightly on Friday in a corrective move due to frustration over long-running IMF talks and the absence of an expected upgrade for Turkey from the credit rating agency Standard and Poor's. The lira eased to 1.46 to the dollar from the previous day's 1.4565. The yield on the benchmark August 3, 2011, bond rose to 8.59 percent from Thursday's 8.4 percent.

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