Turkey ETF Pops as Central Bank Assuages Lira Traders
August 14, 2018 at 14:28 PM EDT
Turkish stocks and country-specific ETF climbed Tuesday as the lira currency strengthened after the central bank introduced measures to tighten liquidity and local traders sold U.S. dollars to profit on the recent currency pullback. The iShares MSCI Turkey ETF (NasdaqGM: TUR) surged 10.5% Tuesday....