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Turkish lira rises after Trump announces lifting of sanctions on Ankara

The Turkish lira strengthened its gains on Wednesday after US President Donald Trump announced the lifting of sanctions against Ankara following an agreement to halt the peace process in northeastern Syria. The currency has risen in recent days as the threat of further US sanctions subsided after Ankara agreed to halt its operation in Syria against the YPG in Syria. The lira was at 5.7325 against the

US currency at 16:00 GMT,

up about 1.3 percent from Tuesday’s closing level of 5.8100 and outperforming all other emerging market currencies. . The main index rose 1.94 percent at the close today,

while the Turkish banking sector index advanced 2.27 percent

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