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Turkish lira weakens against U.S. dollar in overseas trade

Credit: REUTERS/DADO RUVIC

Turkey's lira slipped to its weakest against the U.S. dollar since mid-May in overseas trade late on Monday.

ISTANBUL, July 27 (Reuters) - Turkey's lira TRYTOM=D3 slipped to its weakest against the U.S. dollar since mid-May in overseas trade late on Monday.

The currency, which hit a record low of 7.2690 in May, stood at 6.90 against the dollar at 1732 GMT, more than 0.7% weaker when compared to Friday's close.

It touched as far as 6.9850 against the greenback in illiquid trade.

The lira also approached a record low against the euro on Monday, bringing its losses to about 7% against the common currency in two months even as it has virtually flat-lined against the U.S. currency.

(Reporting by Can Sezer Writing by Ezgi Erkoyun Editing by Gareth Jones)

((ezgi.erkoyun@thomsonreuters.com; +90-212-350 7000;))

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