Following the terror bombing in Turkey's southern Suruç district and increased political risks, the U.S. dollar reached 2.7230 against the Turkish lira, its highest level since early June.

On July 16, the last day before the three-day long Eid al-Fitr holiday, the parity was around the level of 2.65. With the terror bombing that claimed 32 lives on Monday, the rate exceeded 2.70. Following the news of the death of two police officers in the Şanlıurfa province and increased tension throughout the country, the rate exceeded 2.7230.

Last time the rate had reached this level was June 6, the day before Turkey's general elections.