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MarketsEconomicsLira Crash Spurs First Central Bank Intervention Since 2014Turkey central bank sold foreign currency to support liraLira initially rallied on the news, then pared the advanceTurkish Lira in Collapse Territory, Says Exante Data’s NordvigByOnur Ant and Selcan Hacaoglu+FollowDecember 1, 2021, 9:25 AM UTCUpdated onDecember 1, 2021, 12:58 PM UTCWant the lowdown on European markets? In your inbox before the open, every day. Sign up here.Turkey’s central bank fought to shore up the plunging lira, directly intervening in foreign-exchange markets for the first time in seven years.
