The Turkish Lira firmed against the U.S. dollar in European deals on Wednesday, after the government authorities stepped in to stem a rapid fall of the currency.

In a statement, Turkish defence ministry said it has converted almost $300 million in hard currency into lira in the wake of call from President Tayyip Erdogan to support the domestic currency.

The Lira advanced to a weekly high of 3.4154 against the greenback, compared to Tuesday's closing value of 3.4404. The next possible resistance for the Lira is seen around the 3.0 mark.

US Dollar vs TRY (FX:USDTRY)
Gráfica de Divisa
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas US Dollar vs TRY.
US Dollar vs TRY (FX:USDTRY)
Gráfica de Divisa
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas US Dollar vs TRY.