World Bulletin / News Desk
The dollar/lira exchange rate dropped to 3.3986 by around 11 a.m. local time (0800GMT) Monday, down from 3.4080 at Friday's close.
The fall came shortly after the Turkish Statistical Institute reported 5.1 percent economic growth for the second quarter the year and an above 1 percent rise in the country's benchmark stock index, the BIST 100.
Since the beginning of September, the exchange rate has fallen by 1.86 percent. A dollar was exchanged for 3.51 lira on average last month, while the average during the first eight months was 3.61.
The dollar/lira rate saw sharp fluctuations after last year's July 15 defeated coup and climbed to an historic hike -- around 3.94 liras -- in mid-January.
According to Turkish Central Bank data, the dollar/lira rate was 3.02 on average last year and 2.71 on average in 2015.
BIST 100 index rises 0.44 pct while US dollar/Turkish lira rate falls to 3.49
The day before, the dollar had rallied against both main rivals and the Dow reached a fresh record high after the US central bank kept alive the chance of a December increase in American borrowing costs.
Monthly index sees decline of 3.4 pct, according to Turkish Statistical Institute
BIST 100 index decreases 0.31 pct while US dollar/Turkish lira rate rose to 3.51
Frankfurt equities sagged despite a rally for shares in German heavy industry giant ThyssenKrupp, which announced a deal with Indian group Tata to merge their steel operations in Europe.
BIST 100 index drops 0.02 pct while US dollar/Turkish lira rate stands over 3.48
The move was seen as a bid to weather US-imposed sanctions on the embattled country.
Regulators decided in May to fine Banco Popolare di Vicenza a total of 11.2 million euros ($13.4 million), the ECB said in a press release.
BIST 100 index rises slightly 0.09 pct while US dollar/Turkish lira rate falls to 3.43
BIST 100 index rises 0.10 pct while US dollar/Turkish lira rate stands around 3.46
Borsa Istanbul's BIST 100 index goes down 0.89 pct at close, USD/TRY rate stands around at 3.44