Bloomberg News

Lira Depreciates First Day in Five, Drops From One-Month High

January 12, 2012

Selcuk Gokoluk

Jan. 12 (Bloomberg) -- The lira weakened for the first time in five days against the dollar, dropping from the strongest closing level in a month.

Turkey’s currency declined 0.1 percent to 1.8573 versus dollar at 9:52 a.m. in Istanbul. The lira has gained 1.9 percent this year, the most among emerging markets in Europe, the Middle East and Africa.

--Editors: Stephen Kirkland, Peter Branton

To contact the reporter on this story: Selcuk Gokoluk in Istanbul at sgokoluk@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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