Turkish Lira continues its fall against major currencies

The Turkish Lira has continued its decline against major foreign currencies as it traded at 3.97 against the US Dollars, 4.91 against the Euros and 5.61 against the Pounds Sterling in the interbank market on Monday morning.

In the interbank market, last week, the TL/ USD traded above 3.97 and at some point last week traded at 4.0375, a all time highest.

Also, the TL/Euro moved unto the 4.91 level and rose to 4.9728, a record high too.

The markets are closely being followed as trade worries between the United States and China continues.