• The Turkish Lira plunged, crawling towards all-time low recorded last week despite upbeat economic data.


• Turkey's manufacturing confidence index increased to a 6-month high of 106.2 in August, while capacity utilization increased to 73.30 percent in August from 70.70 percent in July.
   
• USD/TRY is trading 0.2 percent higher at 7.3870, having hit an record high of 7.3980 last week.
   
• Immediate resistance is located at 7.4070, any close above could take it above 7.4204.
   
• On the downside, support is seen at 7.3388 and break below could take it near 7.3050.