Turkish Lira Recoups Some of Its Losses After a Decline in Two-Week

The Turkish lira rose 0.8% against the dollar after recording its weakest rate since mid-December during the previous session, in a decline that raised expectations that the central bank will raise interest rates from its current level of 17% next week.

The lira was at 7.68 per dollar, from 7.7440 at Monday’s close. The currency had recorded 7.7840 pounds in the previous session, its weakest level since December 17, continuing losses that extended over more than two weeks.