The US Dollar rose against the Turkish Lira during the European session, trading above 37.940 levels.
The USD/TRY volatile currency pair rose in the European session, as the Bank of America increased their inflation forecasts for Turkey following monetary and political instability that grip the country. In Turkey, there are no scheduled data releases today. In the US, CBI Consumer Confidence for March (94.2 exp) and New Homes Sales for February (682k exp) will be released (14:00 GMT).