Turkish Lira recovers from record lows

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Source: Bloomberg

Turkey's Lira recovered and advanced for a third straight day after it experienced a record low depreciation of 1.9224 per US Dollar last week. Lira ascended 0.4% to 1.8833 per US Dollar. Turkey's currency weakened by 17.7% last year and faced the largest depreciation among emerging economies, trailed by Bloomberg. Country's central bank intervened and sold dollars extensively on December 30.

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Mon, 02 Jan 2012 13:47:45 GMT

Hyundai and Kia expect lower pace of sales growth

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