Markets

Turkish lira weakens to fresh lows on Fed plan concerns

Published June 21, 2013 Updated June 21, 2013 05:51am

1 min

By Shoaib Ur Rehman

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ISTANBUL: The Turkish lira weakened to 2.25 against its euro/dollar basket on Friday from 2.2443 a day earlier on continuing concerns driven by the US Federal Reserve signalling it would wind down its bond-buying stimulus.

Against the dollar, the Turkish currency eased to 1.9380 from 1.9363 late on Thursday, having touched an all-time weakest level of 1.9420 overnight.

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