The US Dollar increased against the Turkish Lira during the European session, trading above 35.7200 levels.
The USD/TRY stuck to its long lasting upward momentum in the European session, reaching a new all-time-high, pushed by chronic inflation and monetary instability. In Turkey, Manufacturing Confidence data for January data was posted showing higher results than the previous month (100.9 in January vs 99.1 in December). In the US, New Home Sales data for December (669k expected) will be posted (15:00 GMT).