ISTANBUL, May 28 (Reuters) - Turkey’s lira firmed 2 percent on the day on Wednesday to its firmest since mid-May, as high interest rates lured investors.
At 1112 GMT the lira stood at 1.2270 to the dollar, having earlier firmed to 1.2250, 2 percent stronger on the previous interbank close.
One trader said the lira accelerated once breaking through a technical level of 1.2360 to the dollar. Another dealer said softer commodity prices were helping the lira, and investors were buying lira in exchange for South African rand ZAR=.
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