Turkish lira recovers as finance chief bids to calm investors
(The Guardian Turkey)

Currency rises from record low against US dollar but investors remain anxious at lack of interest rate riseTurkey´s lira continued its recovery on Thursday, ahead of a crucial conference call between the country´s finance minister and international investors. It rose 2.5% in early trading, with one dollar buying 5.8 lira. A diplomatic spat with the US helped send the lira into a tailspin last week and it hit a record low of 7.2 to the dollar on Monday, sending tremors through emerging markets. However, the lira remains about 20% below where it was a month ago. Related: Turkish financial crisis: Lira recovers as Ankara tries to calm markets - live updates Continue reading...