Turkey’s lira strengthens against the dollar after 2015 election result
Turkey’s lira strengthened almost three per cent against the dollar, the strongest it has been since mid-August, after today’s election results.
The lira reached 2.84 to the dollar in low-volume trade today, compared to Friday’s close of 2.91.
Today’s election results see Turkey’s ruling Justice and Development Party (AKP) win back a majority, which it lost during an election in June, and heralds a return to single-party rule for the country.