The Turkish lira rose to less than 7.85 against the dollar on Wednesday, the highest level since the seventh of October, as investors awaited the central bank meeting this week to set the interest rate.
The Turkish currency has weakened in recent weeks due to geopolitical tensions, including the conflict between Armenia and Azerbaijan, and the dispute between Ankara and Athens over the ownership of energy sources in the eastern Mediterranean.
By 06:39 GMT, the lira was at 7.8250, up about 0.5 percent from Tuesday’s close of 7.86.
Source: Reuters
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