The US Dollar rose against the Turkish Lira during the European session, trading above 37.920 levels.
The USD/TRY volatile currency pair traded in a wide band in the European session, as monetary and political instability still grip the country, with the Central Bank of Turkey intervening to keep the currency stable. In Turkey, Istanbul Chamber of Industry Manufacturing PMI data for March was posted with data being lower than the previous month (47.30 this month vs 48.30 previous month). In the US, ADP for March (118k exp) will be posted (13:15 GMT+1) and President Trump will speak (on reciprocal tariffs etc) at (20:00 GMT+1).