• The Turkish Lira plunged to a 1-week trough as the greenback steadied against a basket of currencies. 
   
• Moreover, the selling pressure around the Turkish currency intensified after World Bank stated that Turkey's economy to shrink in 2020 but rebound in 2021. 
   
• The World Bank said it expects Turkey's economy to contract by 3.8 percent in 2020, after projecting a 0.5 percent growth in its previous estimate made in April.
   
• The World Bank in its June 2020 Global Economic Prospects report published on Monday, stated that growth is likely to pick up in 2021, with an estimated rate of 5 percent, as domestic demand gradually improves.
   
• USD/TRY is trading 0.2 percent higher at 6.7955, having hit a high of 6.7959 earlier, its highest since June 2.
   
• Immediate resistance is located at 6.8030, any close above could take it above 6.8126 (21-EMA).
   
• On the downside, support is seen at 6.7614 and break below could take it near 6.7452 (55-EMA).