Lira Gains Versus Dollar as Fitch Holds Turkey Rating

  • Short-term risks including Fed-rates concern seen abating
  • Babacan, Simsek candidacies also boosting the currency

The lira rose before the central bank’s monetary-policy meeting Tuesday as Fitch Ratings’ decision to maintain Turkey’s outlook added to optimism over the U.S. delaying a rates liftoff.

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