The Turkish Lira slipped against the U.S. dollar in early New York deals on Tuesday, amid a decline in oil prices.

The American Petroleum Institute releases its inventories survey later in the day, followed by official numbers from the Energy Information Administration on Wednesday.

The Lira slipped to a 5-day low of 3.5932 against the greenback, compared to Monday's closing value of 3.5627. If the Lira extends decline, 3.7 is possibly seen as its next support level.

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