LIRA RECOVERS GROUND AFTER HITTING DECEMBER LOW

The lira currency recovered some ground last Friday but was still trading weaker on the day after touching its lowest point this year overnight, pressured by global worries over rising U.S. bond yields and concerns about inflation climbing. The lira stood at 7.48 against the dollar by midday Friday, off about 0.3% from Thursday’s close. Overnight, it touched 7.59, its lowest since Dec. 25.