Markets

Turkish lira firms on hopes of better US, E.U. relations

Published September 27, 2018 Updated September 27, 2018 02:38pm

The lira firmed to 5.9951 by 1230 GMT, from Wednesday's close of 6.1105.

The lira has fallen 37 percent against the dollar this year on concerns over President Tayyip Erdogan's grip on monetary policy a diplomatic row with Washington. Erdogan was in Germany on Thursday after a trip to the United Nations in New York, where he met US President Donald Trump.

Copyright Reuters, 2018