U.S. dollar gains against Turkish lira

The U.S. dollar has once again climbed to 1.55 Turkish lira here on Friday, the first time in 40 days, Xinhua reported.
  
In the first hours of trading on Friday, the dollar opened at 1. 53 lira and increased to over 1.54 lira in the inter-bank market, being bought for 1.538 lira and sold for 1.548 lira in the Istanbul free market.
  
On Thursday, the market closed with dollar being bought at 1. 525 lira and sold at 1.530 lira.

The Dollar-Euro parity is quickly declining, Inan Demir of Finansbank Treasury told Xinhua. "As the dollar gains value to the Euro, this affects the Turkish lira as well," he said.

He added that the crisis was now beyond the scope of just Greece, with last week's bailout now shifting the focus to other at-risk economies, particularly Portugal and Spain.

Demir said the rise of dollar was not because Turks had begun trading in their lira for dollars.

"Internal dynamics have nothing to with the climb of the dollar, it is completely foreign markets," he said.