ISTANBUL: The Turkish lira recovered 0.8% against the dollar on Tuesday after hitting its weakest since mid-December in the previous session, in a slump that has raised expectations the central bank could lift interest rates from 17% next week.
The lira strengthened to as far as 7.68 against the greenback at 0608 GMT, from a close of 7.7440 Monday. In the previous session it hit 7.7840, the weakest since Dec. 17, and has tumbled for more than two weeks.
Comments
Comments are closed for this article.