Turkish Lira Takes Breather From Worst Losing Streak in 20 Years
- Currency rallies 11% after sliding for 11 consecutive days
- Turkey, UAE to sign cooperation deals in high-level visit
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One of the highest-level visits between Turkey and the United Arab Emirates in years is giving the lira a reprieve from a freefall.
President Recep Tayyip Erdogan is meeting Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed Al Nahyan in Ankara, and the two nations are expected to sign cooperation deals for their wealth funds and stock exchanges.