Turkish lira weakens on Moody's note, Ukraine concerns


  • World
  • Saturday, 16 Aug 2014

Turkey's Prime Minister Tayyip Erdogan waves to the crowd in Istanbul August 10, 2014. REUTERS/Osman Orsal

ISTANBUL (Reuters) - The Turkish lira weakened against the dollar on Friday on concerns about the situation in Ukraine and after Moody's said the political situation at home was likely to remain uncertain until at least the middle of next year, when parliamentary elections are due.

Events in Ukraine rattled investors after reports that a small column of Russian armoured vehicles had crossed overnight into an area of Ukraine where pro-Moscow rebels are battling government forces.

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