The US Dollar increased against the Turkish Lira during the European session, trading above 35.560 levels.
The USD/TRY continued to move higher and recorded another all time peak earlier today, amid ongoing inflation concerns in Turkey. In Turkey, there are no economic releases today. In the US, Housing Starts data for December (-1.8% last month) and Industrial Production data for December (0.3% expected) will be released at 13:30 GMT and 14:15 GMT respectively.