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- Turkish lira supported by central bank moves amid protest standoff
ISTANBUL (Reuters) - The Turkish lira continued to firm on Thursday in the wake of central bank action to stabilize markets, although gains were limited by uncertainty about the effectiveness of the ruling AK Party's bid to quell anti-government protests. Turkish markets have been hit over the last two weeks as question marks over the outlook for U.S. Federal Reserve money-printing coincided ...
June 13, 2013 - Reuters via Yahoo! News - Turkish Riot Police Storm Taksim Square, Central Banks Warns Of Intervention Due To Extreme Market Volatility
Over a week into "Occupy Taksim", the Turkish situation is nowhere near resolution. In fact, judging by the capital markets response to news that hundreds of police stormed Taksim Square this morning using tear gas to disperse protesters, where the Turkish lira declined overnight to the weakest level since December 2011, bond yields dropped 29 bps, Turkish CDS rose wider than Russia, and where ...
June 11, 2013 - Zero Hedge - Turkey's faltering economy, not protesters, could bend Erdogan
The Turkish lira has dropped to an 18-month low since protests began. That could undermine Prime Minister Erdogan, whose popularity has been tied to strong economic growth on his watch.
June 11, 2013 - The Christian Science Monitor