Tuesday, May 1, 2007

Turkish Lira Rebounds as Constitutional Court Annuls Presidential Voteate

(Bloomberg) -- Turkey's lira rebounded after the Constitutional Court canceled the first round of presidential elections, defusing a row between the government and army and opening the way for new parliamentary elections.

The lira gained 0.7 percent to 1.355 against the dollar as of 6:57 p.m. in Istanbul after the court announced its verdict. Stock and bond markets were already closed.


Read more at Bloomberg Currencies News

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