Turkish lira firms to January levels, inflation eyed
ISTANBUL, Aug 4 (Reuters) - Turkey's lira IYIX= firmed to its strongest level since January 15 on Monday at 1.1495 against the dollar as analysts revised their expectations for July inflation.
Expectations for the July data, being released at 1400 GMT, improved after figures showing Istanbul retail prices decreased by 1.86 percent in July, despite power price hikes. (Reporting by Thomas Grove)
© Thomson Reuters 2009 All rights reserved
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow










