The US Dollar increased against the Turkish Lira during the European session, trading above 36.400 levels.
The USD/TRY volatile currency pair rose to another all time high this morning, continuing its climb in the European trading session, amid ongoing concerns over the state of the Turkish economy. In Turkey, Foreign Arrivals data for January was released with results better than the previous month (6.1% realised vs 4.23% for last month). In the US, Manufacturing and Services PMI for February (51.3 and 53 respectively expected) will be released (14:45 GMT), Existing Homes Sales for January (4.13M exp) will be posted (15:00 GMT).