The lira stood at 5.22 against the dollar at 0504 GMT, after having firmed to as much as 5.2128 in early trade. The lira had closed at 5.2320 on Wednesday.

Wednesday's decision by the Fed to hold interest steady and be "patient" before making further moves came amid a suddenly cloudy outlook for the US economy due to global headwinds and impasses over trade and government budget negotiations.