The US Dollar rose against the Turkish Lira during the European session, trading above 38.050 levels.
The USD/TRY volatile currency pair traded higher in the European session, as political and monetary instability still grip the country and as slightly disappointing retail sales data came out of Turkey. In Turkey, Turkish Retail Sales data for February came out with data lower for this month than the previous (12.2% this month vs 12.5% previous month). In the US, PPI data for March (0.2% exp) will be posted (13:30 GMT+1).