The Turkish Lira traded lower against the U.S. dollar in European deals on Monday, as oil prices declined after disappointing data out of China, and on receding hopes for immediate OPEC action to address oil glut.
The Turkish Lira weakened to a 4-day low of 2.9772 against the greenback, compared to last week’s closing value of 2.9466. The next possible support for the Lira is seen around the 3.05 zone.
The material has been provided by InstaForex Company – www.instaforex.com