Lira recovered only temporarily after Turkey's central bank doubled interest rates.
By Onur Ant, Bloomberg, Taylan Bilgic, Bloomberg, Selcuk Gokoluk, Bloomberg|January 29, 2014 at 06:50 AM
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The lira reversed earlier gains after a doubling of interest rates failed to assuage concern that Turkey’s economy will be left exposed by a slowdown in China and a reduction in U.S. monetary stimulus. Stocks fell.