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Forex News: Turkish Lira Falls To New 2-month Low Against

Turkish Lira Falls To New 2-month Low Against U.S. Dollar

12/18/2019 - 07:55:00 (RTTNews)

(RTTNews) - The Turkish Lira depreciated against the U.S. dollar in the European session on Wednesday, as U.S. Senate approved a legislation imposing sanctions against Turkey for the purchase of Russian S-400 missile defence systems.

The legislation bans the delivery of F-35 fighter jets to Turkey over the country's purchase of S-400 air missile defense system from Russia.

The Turkish Lira fell to 5.92 against the greenback, a level unseen since October 17. The next possible support for the Lira is seen around the 6.5 level.

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