Turkish lira firms ahead of expected Fed cut, upbeat inflation report

The lira stood at 5.5990 against the dollar at 0642 GMT, firming more than 0.25% the closing price of 5.6140 on Monday, when it firmed some 1%. The currency, which was hit by a crisis last year, has risen the last four trading days.

Turkish Finance Minister Berat Albayrak is set to hold a press conference in Ankara later on Tuesday.

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