The US Dollar rose against the Turkish Lira during the European session, trading above 38.1400 levels.
The USD/TRY volatile currency pair traded higher in the European session, hitting fresh one month highs, as political and monetary instability still grip the country. In Turkey, the One Week Repo Rate (42.5% exp) will be posted (12:00 GMT+1). In the US, Philadelphia Fed Manufacturing Index data for April (2.8% exp) will be released and Initial Jobless Claims (225 k exp) at 13:30 GMT+1.
