The Turkish lira declined against the U.S. dollar in the European session on Wednesday, as a data showed that nation's factory activity remained subdued in May amid muted customer demand and ongoing price pressures.

Survey data from the Istanbul Chamber of Industry and S&P Global showed that manufacturing PMI was unchanged at 49.2 in May.

The reading signaled a third successive moderation in the health of the manufacturing sector as customer demand remained subdued.

The Turkish lira fell to a 6-day low of 16.45 against the greenback from yesterday's close of 16.38. If the currency extends decline, 18.00 is possibly seen as its next support level.

US Dollar vs TRY (FX:USDTRY)
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