Poland's Zloty Posts Weekly Gain as Investors' Appetite for Risk Returns

(Bloomberg) -- The Polish zloty posted a weekly gain,
advancing to an eight-day high against the euro, as investors
regained their appetite for emerging-market assets.

Investors resumed buying stocks and higher-yielding
currencies such as the zloty, the Turkish lira and the South
African rand as concern abated that losses on U.S. subprime
mortgages would slow global economic growth. The risk of holding
European corporate debt fell for the first week in seven.


Read more at Bloomberg Currencies News

Turkish Markets May Rise After Erdogan's Justice Party Wins Re-Election

(Bloomberg) -- Turkish stocks, bonds and the lira
may gain after voters re-elected Prime Minister Recep Tayyip
Erdogan, giving him a mandate to extend policies that won Turkey
European Union membership talks and helped bring 21 straight
quarters of economic growth.

Erdogan's Justice and Development Party took 47 percent of
the vote with almost all ballots counted at 1 a.m. in the
capital Ankara, according to the state-run Anatolia News Agency.
That's likely to give the party 342 lawmakers in the 550-seat
parliament, CNN Turk television said.


Read more at Bloomberg Emerging Markets News

Turkey's Lira May Rally on Decision From Erdogan, Standard Chartered Says

(Bloomberg) -- The Turkish lira may gain in the next month because Prime Minister Recep Tayyip Erdogan is likely to stay out of the nation's presidential elections, according to Standard Chartered Bank.

Erdogan will say on April 25, the final day for candidates to come forward, who will represent his governing party in the election, party deputies told Bloomberg News yesterday. Secular Turks are concerned an Erdogan presidency may try to change the nation's constitution and ``undermine the state's secular foundations,'' Standard Chartered analysts said in an April 13 report.


Read more at Bloomberg Currencies News