Turkish lira strengthens almost 3% to $2.82 after AK Party's election victory

DAILY SABAH WITH AGENCIES
ISTANBUL
Published 01.11.2015 23:33
Updated 02.11.2015 13:35

Turkey's lira hit its firmest in 2-1/2 months against the dollar on Sunday, after partial election results showed a likely return to single-party rule for the AK Party, ending months of investor uncertainty.

The Turkish lira touched 2.82 to the dollar in low-volume trade on Sunday, from Friday's close of 2.9135. It was the strongest level since mid-August.

The Justice and Development (AK) Party clinched victory after securing nearly 50 percent of votes in Turkey's 26th general election Sunday, restoring a majority government with a landslide victory.

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