May 28, 2008 / 11:21 AM / 12 years ago

Turkish lira firms 2 pct to mid-May level

ISTANBUL, May 28 (Reuters) - Turkey’s lira firmed 2 percent on the day on Wednesday to its firmest since mid-May, as high interest rates lured investors.

At 1112 GMT the lira stood at 1.2270 to the dollar, having earlier firmed to 1.2250, 2 percent stronger on the previous interbank close.

One trader said the lira accelerated once breaking through a technical level of 1.2360 to the dollar. Another dealer said softer commodity prices were helping the lira, and investors were buying lira in exchange for South African rand ZAR=.

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