Turkish lira firms as markets reopen with eye on US row
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The Turkish lira gained slightly against the dollar on Monday as markets reopened after last week's holiday, with investors set to refocus on a bitter dispute between Ankara and Washington over an American pastor being tried in Turkey.
The lira, which has weakened 37 percent against the US currency this year, firmed to 5.9905 from Friday's close of 6.00—the same level at which it stood a week ago when Turkish markets closed for the Muslim festival of Eid al-Adha.
