Turkey’s lira firms after Pompeo says he expects talks on U.S. pastor

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By Sarah Dadouch and Ezgi Erkoyun

ISTANBUL (Reuters) – Turkey’s lira firmed more than 3 percent on Monday after U.S. Secretary of State Mike Pompeo said he expected discussions with Turkish officials this week over the fate of a U.S. pastor whose trial has strained relations.

The lira has tumbled 40 percent against the dollar this year, hit by concerns about President Tayyip Erdogan’s influence on monetary policy and the diplomatic row with Washington.

U.S. President Donald Trump has slapped tariffs on Turkey over its trial of Andrew Brunson, an evangelical Christian pastor from North Carolina, who has lived in Turkey for more than two decades. He is facing terrorism charges, which he denies.

Read more at : https://www.investing.com/news/forex-news/turkish-lira-strengthens-after-us-remarks-on-detained-pastor-1621476

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