• The Turkish Lira advanced to a 5-week peak on a report that the country was close to signing deals for $20 billion in currency swaps with the United Kingdom and Japan.
  
• The Turkish government has been seeking help from other economies to bolster its reserves of foreign currency and to support the economy withstand the impact of the COVID-19 pandemic.
  
• USD/TRY is trading 0.8 percent down at 6.8220, having hit a low of 6.7493 earlier, its lowest since April 13.
  
• Immediate resistance is located at 6.9132, any close above could take it above 6.9312 (5-DMA).
  
• On the downside, support is seen at 6.7252 (55-EMA) and break below could take it near 6.6975.