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, following the arrest of Istanbul's Mayor Imamoglu and political and monetary instability that are plaguing the country. In Turkey, there are no scheduled data releases today. In the US, Manufacturing PMI for March (52.7 last month) and Services PMI for March (51 last month) will be released (13:45 GMT).