Turkish lira hits 8-month low against dollar

Turkish lira hits 8-month low against dollar
October 01, 2014, Wednesday/ 17:48:49/ TODAY'S ZAMAN

The Turkish lira reached the weakest position it has occupied against the US dollar since the end of January on Wednesday, hitting the 2.29 threshold. It later recovered and strengthened to the 2.2775 mark before receding again in the late afternoon to 2.2830. The US dollar has been performing well against most major currencies recently. The troubled lira has been on a downward spiral for the past month, as it stood at 2.15 compared to the dollar in the beginning of

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