The US Dollar rose against the Turkish Lira during the European session, trading above 38.4900 levels.
The USD/TRY volatile currency pair traded higher in the European session, as chronic inflation and monetary instability still grip the country. In Turkey, Foreign Arrivals for March data was posted with results being lower this month than the previous month (-13.10% this month vs -5.34% previous month). In the US, ADP Nonfarm Employment Change for April (123k exp) will be released (13:15 GMT+1), GDP for Q1 (0.4% exp) will be posted (13:30 GMT+1) and Core PCE Price Index for March (2.6% exp) will be posted (15:00 GMT+1).