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Turkish Lira Recovers on Bets Erdogan to Support Basci Autonomy

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The lira climbed from the lowest close on record on speculation that Turkish President Recep Tayyip Erdogan will signal he supports the central bank’s autonomy, allowing investors to focus on improving economic data.

The currency rose 1 percent to 2.6121 per dollar at 10 p.m. in Istanbul, the most in a month.