Markets

Turkish lira weakens to 1.79 vs dollar on euro debt fears

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The lira had strengthened to its highest level in 1-1/2 months at 1.7425 last Thursday after the Turkish central bank unveiled a strategy to bolster the currency, that partly hinged on tightening liquidity.

Against a euro-dollar basket the lira stood at 2.1271 on Monday versus a previous close of 2.1003.

Copyright Reuters, 2011