Turkish lira grows on growing risk appetite
02-08-2009 01:27
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Turkish lira reached its highest level in three weeks, as stocks and prices of bonds increased on Thursday. As the signs of the possible recovery of the US economy were reveled, it became clear to market traders that the Turkish prices of stocks are at their bottom.
Professionals say, that increasing consumer spending in the United States are a clear indicator of economic pick up in the biggest economy in the world, meaning that further recovery is coming up in the next months.
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