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The Turkish Lira depreciated against the U.S. dollar in the European session on Wednesday, as U.S. Senate approved a legislation imposing sanctions against Turkey for the purchase of Russian S-400 missile defence systems.
The legislation bans the delivery of F-35 fighter jets to Turkey over the country's purchase of S-400 air missile defense system from Russia.
The Turkish Lira fell to 5.92 against the greenback, a level unseen since October 17. The next possible support for the Lira is seen around the 6.5 level.
