The reported purchase came as optimism spread across global markets after the Iran agreement, suggesting the Turkish central bank was adding foreign-exchange reserves amid improved risk sentiment.
Turkey's central bank bought $10 billion in foreign exchange this week, a trader said, as optimism following the Iran agreement lifted sentiment across global markets. The reported intervention points to reserve accumulation during a period of stronger risk appetite, when central banks can use improved market conditions to add hard-currency buffers with less pressure on domestic assets.