Turkey’s Central Bank intervenes as USD rises to a two month-high
The U.S. dollar increased to 2.28 against the Turkish Lira on Monday, the highest it has been in two months.Turkey's Central Bank increased its daily foreign exchange sales sub limit from $20 million to $40 million to prevent a further increase, which was revised on November 28, from $40 million to $20 millon.The recent upward trend of the U.S. dollar came after Friday's strong employment signals of the U.S. economy, and the decrease of Italy's credit rating accompanied by recession expectations in the eurozone.
Last Update: December 08, 2014 19:07