Turkey ETF Climbs as Central Bank Moves to Strengthen Lira

Turkish markets and country-specific ETF popped Monday after Turkey’s central bank took steps to support price and financial stability in wake of the lira currency’s recent weakness against the U.S. dollar. The iShares MSCI Turkey ETF (NYSEArca: TUR) gained 4.5% Monday and was testing its short-term, 50-day simple moving average. The Turkish central bank said [...]Click to read more at ETFtrends.com.