Markets

Turkish lira rises 3pc vs dollar, extends bounce after coup fails

Published July 18, 2016 Updated July 18, 2016 07:19am

1 min

By Parvez Jabri

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SINGAPORE: The Turkish lira rose 3 percent against the dollar on Monday, extending a bounce after Turkish authorities thwarted a coup attempt over the weekend and calmed investor concerns about geopolitical risks.

The lira was trading at 2.9274 against the dollar, up roughly 3 percent on the day. It has recovered some of the losses suffered on Friday when it slid nearly 5 percent as news of the coup attempt spooked investors.

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