| The Turkish lira and stocks soared on Monday after President Recep Tayyip Erdogan's Justice and Development Party (AKP) was returned to power in a surprise weekend election victory, but analysts warned the rebound may be shortlived.
The lira jumped almost four percent to 2.8 to the dollar in late afternoon trade, after earlier gaining 4.4 percent in the morning to its highest level in seven years. The currency had tumbled more than 25 percent this year on concerns about the faltering economy in the key emerging market and months of political turmoil...............................................Full Article: Source
|