The lira continues to fall - bringing its YTD loss to 17.6% - despite Turkey's central bank...

|By:, SA News Editor

The lira continues to fall - bringing its YTD loss to 17.6% - despite Turkey's central bank intervening again, selling 750M greenbacks. Worried about lira strength earlier this year, the central bank cut rates, juicing its hot economy even more. This "could still end in tears," says a trader. TUR -29% YTD.