Turkish Lira Rebounds as Central Bank to Hold Special Meeting
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The Turkish Lira, the center of last week's emerging market currency troubles which rocked the U.S. and global stock markets, is making a comeback Monday after the Turkish central bank said it will hold a special interest-rate meeting late Tuesday.
The Turkish central bank said it would publish a decision midnight local time (2200 GMT) on Tuesday.
Markets are anticipating the central bank raising rates, which has pushed the lira higher.
The Turkish central bank said it would publish a decision midnight local time (2200 GMT) on Tuesday.
Markets are anticipating the central bank raising rates, which has pushed the lira higher.
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