Euro rises above 56 lira as ECB keeps interest rates unchanged

According to NTV, the euro recovered from its lowest levels in 17 months and climbed above $1.12, passing the 56 lira mark.

The euro opened the day at 55.7920 lira. During the session it fell as low as 55.6996 and rose as high as 56.1923 lira. It was currently trading at 56.1006 lira.

The European Central Bank (ECB) left its interest rates unchanged on Thursday, with the deposit rate remaining at 2.5 percent. ECB President Christine Lagarde confirmed that policymakers had discussed raising rates. They unanimously chose to keep borrowing costs steady, pointing to tighter financial conditions as one factor helping to keep inflation pressures under control.