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View Full Version : Turkey Lira Gains Past 200-Day Average on Greek Austerity Deal Speculation - Bloomber



NewsWhore
02-07-2012, 06:10 AM
Turkey Lira Gains Past 200-Day Average on Greek Austerity Deal Speculation (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEtNCi4s1Upy4bEKHWMRXGTee5Dww&url=http://www.bloomberg.com/news/2012-02-07/turkey-lira-gains-past-200-day-average-on-greek-austerity-deal-speculation.html)
Bloomberg
The Turkish currency appreciated as much as 0.5 percent to 1.7503 per dollar, piercing its 200-day moving-day average of 1.7521, a key technical level. Crossing this threshold and remaining above it is an indication the rally is sustainable.

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