The Turkish Lira retreated against the U.S. dollar in the European session on Monday, after having gained traction from Sunday's referendum that grants sweeping new powers to the President of Turkey.

The outcome reduced prospects of an early election and expands the powers of the president's office, potentially enabling him to remain in power till 2029.

The Lira eased to 3.6800 against the greenback, from a 2-week high of 3.6234 set at the beginning of today's trading. The pair ended last week's trading at 3.7288.

US Dollar vs TRY (FX:USDTRY)
Gráfica de Divisa
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas US Dollar vs TRY.
US Dollar vs TRY (FX:USDTRY)
Gráfica de Divisa
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas US Dollar vs TRY.