• The Turkish Lira rose, hovering towards a 1-1/2 year low hit earlier in the week. 
   
• On Thursday, the Turkish currency attempted a minor recovery to close at 6.9424.
   
• However, the Turkish lira continues to weaken, weighed down by downbeat economic data due to coronavirus outbreak.
   
• Turkey's manufacturing confidence index sank to 66.8 in April from 99.7 in the previous month, its lowest reading since February of 2009, while capacity utilization decreased to 61.60 percent in April from 75.30 percent in March of 2020.
   
• On Wednesday, the Central Bank of the Republic of Turkey slashed interest rates more than expected in a measure to moderate the economic impacts of the global coronavirus pandemic.
   
• USD/TRY is trading 0.4 percent up at 6.9722, having hit a high of 7.0079 on Wednesday, its highest since August 2018. 
   
• Immediate resistance is located at 7.0086, any close above could take it above 7.0142.
   
• On the downside, support is seen at 6.9191 (7-EMA) and break below could take it near 6.8991.