Lira on watch as Trump congratulates Erdogan

|By:, SA News Editor

While international monitors have criticized the referendum, President Trump has become the first western leader to congratulate Recep Tayyip Erdogan over victory in Sunday's vote, which will grant him sweeping new powers.

There were volatile moves in the Turkish lira in the buildup to the referendum, but the currency is down against the dollar following the vote results.

ETFs: TUR, TKF