Dollar discount when dollar recovery Lira
The dollar was discounted on Thursday when the Lira recovered after having dropped to the lowest 7.24 at the beginning of the week.
Index, the measure of green silver bronze strength with the basket of 6 currencies, down 0.21% and 96.4 at 11:20Am ET (0320GMT).
The dollar to the highest level 13 months this week when the Lira met the crisis and the worries about the Chinese economy has promoted the demand for safe assets.
Junichi Ishikawa, senior FX strategy analyst at IG Securities in Tokyo said: "The recent dollar increased to reflect the Euro's weaknesses and the emerging economies with the ' abandoned risk ' toward the dollar.
Meanwhile, the USD/TRY rate fell 0.3% when Qatar promised to invest $15 billion in the country. The Lira increased by 8% over the dollar after the above information.
The Trump administration said Wednesday that Turkish retaliatory taxation was "the wrong step" while the White House spokesperson Sarah Sanders said the US tax rates last week were still in effect.
The AUD/USD rate rose 0.4% to 0.7267 after China announced plans to restart trade negotiations with the U.S. at the end of August 8. The Australian dollar was under pressure and fell 8% in the past 6 months in the context of U.S.-China trade tensions and recently the Turkish crisis pushed the bridge to the dollar and other safe assets.
Sally Auld, head of the Australian Bond and Monetary strategy division at JP Morgan Chase said: "We stand No. 1 on the list of people who suffer if the Chinese story is not right." "We are a small economy, open and heavily dependent on trade and China, so everything that creates difficulties for world trade affects us. This is fundamental to our economy. "
The USD/CNY rate fell 0.51% to 6.9001 while the USD/JPY rate was less changed at 110.75.
Index, the measure of green silver bronze strength with the basket of 6 currencies, down 0.21% and 96.4 at 11:20Am ET (0320GMT).
The dollar to the highest level 13 months this week when the Lira met the crisis and the worries about the Chinese economy has promoted the demand for safe assets.
Junichi Ishikawa, senior FX strategy analyst at IG Securities in Tokyo said: "The recent dollar increased to reflect the Euro's weaknesses and the emerging economies with the ' abandoned risk ' toward the dollar.
Meanwhile, the USD/TRY rate fell 0.3% when Qatar promised to invest $15 billion in the country. The Lira increased by 8% over the dollar after the above information.
The Trump administration said Wednesday that Turkish retaliatory taxation was "the wrong step" while the White House spokesperson Sarah Sanders said the US tax rates last week were still in effect.
The AUD/USD rate rose 0.4% to 0.7267 after China announced plans to restart trade negotiations with the U.S. at the end of August 8. The Australian dollar was under pressure and fell 8% in the past 6 months in the context of U.S.-China trade tensions and recently the Turkish crisis pushed the bridge to the dollar and other safe assets.
Sally Auld, head of the Australian Bond and Monetary strategy division at JP Morgan Chase said: "We stand No. 1 on the list of people who suffer if the Chinese story is not right." "We are a small economy, open and heavily dependent on trade and China, so everything that creates difficulties for world trade affects us. This is fundamental to our economy. "
The USD/CNY rate fell 0.51% to 6.9001 while the USD/JPY rate was less changed at 110.75.
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