The US Dollar rose against the Turkish Lira during the European session, trading above 38.000 levels.
The USD/TRY volatile currency pair rose in the European session, as monetary and political instability still grip the country, with some good news as inflation came in lower than expected. In Turkey, Trade Balance for March was posted today with data being higher than expected (-7.30B realised vs -7.77B expected). In the US, Nonfarm Payrolls and Unemployment data (137k and 4.1% respectively exp) will be posted (13:30 GMT+1), and Fed Chair Powell will speak (16:25 GMT+1).