Dollar is reduced but still supported at 14 months
The dollar is discounted compared to the currency basket on Thursday but is still supported near the highest level of 14 months although there are still concerns about the crisis in Turkey and China's economic growth slowed.
USD index, the dollar Strength measurement index against the basket of 6 currencies, touches the overnight low at 96.28 and drops 0.14% to 96.45 at 04:22 AM ET (0822GMT). The index has noted the highest level, 96.76, since 27/6/2017.
The demand for the dollar remained strong when concerned about the Turkish crisis with the Lira reduced to record lows at the beginning of the week.
The relationship between the US and Ankara deteriorated and concerned about the President Erdogan increased control over monetary policy and the economy made the Lira cost more than 40% this year.
The Lira recovered since the sale of the week. Lira rose on the 3rd day on Thursday after having information that Qatar would invest in Turkey $15 billion.
Geopolitical risk remains in the front, with current tensions with the United States, Turkey can be pushed closer to Russia, China and Iran.
The market supported by US and Chinese information is planning to reconnect trade negotiations at the end of the month, amid tensions that are escalating between the two countries.
The yen has little change against the dollar at USD/JPY at the level of 110.78.
The Euro recovered from the lowest 14 months achieved on Wednesday. The EUR/USD rate rose 0.28% to 1.1378.
The common currency is also subject to reduced pressure with the fears that European banks are at risk when the crisis breaks out in Turkey.
The pound rarely changed at 1.2703 against the dollar.
The coins are sensitive to rising goods at a rate of AUD/USD up 0.39% to 0.7266 and NZD/USD increased by 0.29% to 0.6582.
USD index, the dollar Strength measurement index against the basket of 6 currencies, touches the overnight low at 96.28 and drops 0.14% to 96.45 at 04:22 AM ET (0822GMT). The index has noted the highest level, 96.76, since 27/6/2017.
The demand for the dollar remained strong when concerned about the Turkish crisis with the Lira reduced to record lows at the beginning of the week.
The relationship between the US and Ankara deteriorated and concerned about the President Erdogan increased control over monetary policy and the economy made the Lira cost more than 40% this year.
The Lira recovered since the sale of the week. Lira rose on the 3rd day on Thursday after having information that Qatar would invest in Turkey $15 billion.
Geopolitical risk remains in the front, with current tensions with the United States, Turkey can be pushed closer to Russia, China and Iran.
The market supported by US and Chinese information is planning to reconnect trade negotiations at the end of the month, amid tensions that are escalating between the two countries.
The yen has little change against the dollar at USD/JPY at the level of 110.78.
The Euro recovered from the lowest 14 months achieved on Wednesday. The EUR/USD rate rose 0.28% to 1.1378.
The common currency is also subject to reduced pressure with the fears that European banks are at risk when the crisis breaks out in Turkey.
The pound rarely changed at 1.2703 against the dollar.
The coins are sensitive to rising goods at a rate of AUD/USD up 0.39% to 0.7266 and NZD/USD increased by 0.29% to 0.6582.
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