The US dollar extended European session's downtrend against the Turkish lira in New York trading on Wednesday. At 12:15 pm ET, the greenback slid to a new multi-week low of 1.6224 versus the lira, which may be compared to Tuesday's North American closing value of 1.6658. At present, the pair is trading at 1.6267. If the US currency falls further, it may find near term support around the 1.6118 level.

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