Dollar Drops Against Turkish Lira By 1.5%

Exchange rate of the Turkish lira against the US dollar rose on Friday by 1.5% compared to Thursday's close.


According to official prices, the exchange rate was 5.45 Turkish lira to the dollar at 11:25 local time, the highest level of the Turkish currency since August 10 last.


The improvement comes after President Donald Trump announced Thursday that he had a "very good" call with his Chinese counterpart, Xi Jinping, on several issues, including the trade dispute between the two countries.


"Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade" Trump wrote in his twitter account.


The Turkish lira has seen a remarkable rise recently after the release of the American priest André Branson. The dollar dropped from 5.97 to 5.83 and the financial markets closed at 5.55 lira.

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