REUTERS/Umit Bektas The Turkish lira climbed 3% against the dollar on Monday, following the re-election of Recep Tayyip Erdogan as President of Turkey, arresting its sharp decline in recent months. Erdogan won Sunday’s elections with a 52.5% majority, as reported the state-run Anadolu Agency. Some commentators expect increased investor confidence to wear off, as focus turns to long term concerns Turkish economics and politics. The Turkish lira climbed on Monday following news of another election victory for Turkish President Recep Tayyip Erdogan and a parliamentary majority for an alliance led by his party. The currency rose 3% against the dollar and the euro, to its highest level in two weeks after the results were confirmed.