USD/TRY rises to near 40.00, marks fresh highs due to risk-off sentiment

  • USD/TRY extends its gains for the second consecutive session, trading around 39.98, marking fresh all-time highs, during early European hours on Monday. The pair appreciates as the US Dollar (USD) receives support from risk-off mood, driven by the US President Donald Trump's warning of extra 10% tariff on BRICS nations.