Price of dollar increased by the highest level 13 months, Lira increased price
The dollar raises prices up to 13 months higher than the currency basket on Wednesday in the context of the crisis market fears in Turkey will spread, meanwhile, Lira rises after Turkey applies taxes on some American items.
USD index, the dollar Strength measurement index over the basket of 6 major currencies, an increase of 0.09% reaching 96.63 at 03:48 AM ET (0748GMT) after an increase to 96.76 overnight, the highest level since June 6, 2017.
The dollar grew when the Euro fell in price because of fears that the crisis in Turkey would spread to European banks.
The EUR/USD rate is at 1.1333 after reaching the lowest overnight at 1.1317, the lowest since 5 Jul 2017.
The Lira increased against the dollar at the rate of USD/TRY reaching a low of the day at 5.9740.
This was the first time that the Lira crossed the psychological threshold of 6.0 since the continuous decline since Monday.
The Lira increased prices after having information that Turkey imposed additional taxes on some goods imported from the US, which escalated diplomatic tensions between the two countries.
The Turkish vice president said the measures given in retaliation for the "intent attack" on the Turkish economy in recent weeks.
The relationship is deteriorating between America and Turkey and concerned about the President Erdogan strengthening interference in monetary policy and the Lira fell more than 40% this year.
The discount of Lira has greatly influenced the financial market in the context of concerns businesses will be affected by the currency and economy of Turkey.
Compared to the yen, the dollar increases with the USD/JPY rate up 0.17% to 111.34.
The pound was also closed at the lowest 13 months when concerns grew out of a Brexit without agreement, and the economic data indicated that the salary growth slowed.
The GBP/USD rate is at 1.2728 after it drops to a low overnight, 1.2692.
USD index, the dollar Strength measurement index over the basket of 6 major currencies, an increase of 0.09% reaching 96.63 at 03:48 AM ET (0748GMT) after an increase to 96.76 overnight, the highest level since June 6, 2017.
The dollar grew when the Euro fell in price because of fears that the crisis in Turkey would spread to European banks.
The EUR/USD rate is at 1.1333 after reaching the lowest overnight at 1.1317, the lowest since 5 Jul 2017.
The Lira increased against the dollar at the rate of USD/TRY reaching a low of the day at 5.9740.
This was the first time that the Lira crossed the psychological threshold of 6.0 since the continuous decline since Monday.
The Lira increased prices after having information that Turkey imposed additional taxes on some goods imported from the US, which escalated diplomatic tensions between the two countries.
The Turkish vice president said the measures given in retaliation for the "intent attack" on the Turkish economy in recent weeks.
The relationship is deteriorating between America and Turkey and concerned about the President Erdogan strengthening interference in monetary policy and the Lira fell more than 40% this year.
The discount of Lira has greatly influenced the financial market in the context of concerns businesses will be affected by the currency and economy of Turkey.
Compared to the yen, the dollar increases with the USD/JPY rate up 0.17% to 111.34.
The pound was also closed at the lowest 13 months when concerns grew out of a Brexit without agreement, and the economic data indicated that the salary growth slowed.
The GBP/USD rate is at 1.2728 after it drops to a low overnight, 1.2692.
Không có nhận xét nào: