Against its Turkish counterpart, the dollar traded lower during European and New York trading on Monday. At about 10:25 am ET, the pair touched 1.6618, which may be compared to yesterday's closing value of 1.6906. This set a 5-week low for the US currency. At present, the dollar-lira pair is worth 1.6675. If the greenback falls further, support is seen around the 1.6425 level.

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