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View Full Version : Lira Falls Third Day as Carry Trades Unwound Before ECB Meeting - Bloomberg



NewsWhore
09-05-2012, 08:10 AM
Lira Falls Third Day as Carry Trades Unwound Before ECB Meeting (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHp9mNc5nD2uOFDJr7qKQ7_98Thaw&url=http://www.bloomberg.com/news/2012-09-05/lira-falls-third-day-as-carry-trades-unwound-before-ecb-meeting.html)
Bloomberg
Investors have been retreating from bullish bets on concern Turkey's central bank will lower interest rates, making the lira the only emerging-market currency in Europe and the Middle East in which losses were incurred from borrowing in dollars and ...

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