US dollar retreats to lowest level against Turkish lira in two months

DAILY SABAH
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The U.S. dollar fell to the lowest level of the last two months against Turkish lira, coming in at 3.4955 Monday.

The parity rate began trading at a 3.52 level early in the day, and fell below the 3.50 level in the afternoon, near the end of trading hours.

The last time the rate fell below 3.50 level was on June 27.

The dollar had reached a historic high against the lira on January 10 at 3.8950.

The political uncertainty regarding U.S. President Donald Trump's economic policies weighed globally on share prices and the dollar's value.

The 10-year U.S. Treasuries yield stood at 2.181 percent, having slipped Friday to 2.162 percent - its lowest since late June.
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