Turkish lira spikes after reports say pastor Andrew Brunson set for release

MarketWatch - MarketPulse

The Turkish lira surged during trading on Thursday, after reports said the U.S. pastor Andrew Brunson would be released soon, a move that could help defuse lingering tensions between Washington and Ankara. The Turkish lira
USDTRY, -2.6478%
spiked 2.3%, with the dollar buying 5.936 lira, Factset data shows. NBC News reported that the White House brokered a deal to free Brunson, according to senior officials briefed on the matter. President Donald Trump announced sanctions on Turkey in August after negotiations failed to lead to the pastor’s release. The resolution of Brunson’s detention could help ease pressure on Turkey as its policymakers battle an economic downturn.


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