The Turkish lira approached an all-time low on Friday, as foreign investors flocked out.
But bargain hunting in the local market limited losses, a day after an unexpected central bank decision to cut interest rates.
Little indication was given of how much it could drop, Reuters reported.
The Turkish currency, which has been subject to sharp fluctuations and a slowdown in emerging markets for several years, fell 1% to 8.855 against the dollar by 07:49 GMT, near its lowest level reached last June at 8.880 lira.
It also fell yesterday when the bank cut its key interest rate by 100 basis points to 18% despite high inflation, which means providing stimulus that President Recep Tayyip Erdogan has long sought and reinforced analysts' fears about political interference, according to Reuters expression.
Inflation in Turkey unexpectedly jumped to 19.25% last month.
However, CBE Governor Chehab Cavusoglu announced earlier this month that the bank would shift its focus to core inflation, which excludes fast-changing items such as food and energy.
The Central Bank gave little indication on the future course of monetary policies, but Société Générale, Barclays, JPMorgan and Goldman Sachs expected further rate cuts in the coming months.