The coins of the emerging market are influenced by the Lira
The emerging market coins are influenced by the Lira on Monday when investors find safe currencies, including the US dollar, the Swiss Franc and the Japanese yen.
The Lira was down to the overnight record at a rate of USD/TRY touches 7.0303 before slightly increasing to 6.8434, equivalent to 6.87 in the day.
The Lira has slightly recovered deeply as the central bank provides liquidity and reduces the mandatory reserve rate for banks against the Lyra and foreign currencies.
Trade tensions with the US pushed the Lira to decreased by 40% this year and lost 1/5 value against the dollar just in the last week.
The Lira has also suffered a reduction in pressure with concerns about the President Erdogan ' enhanced monetary policy control and the economy.
The wave of semi-removed Lira has also made investors concerned about the risk to companies that have ties with Turkey or have assets associated with the Lira. The European Central Bank also warned Friday that a few banks could be influenced when Lira discounted prices.
The unrunning of the risky property in the context of the crisis of the Lira pushed the demand against the safe dollar up, creating pressure on the coins of the emerging market.
South Africa's Rand also dropped to a minimum of 2 years against the dollar with USD/ZAR rate 15.4645 overnight, before rising to 14.4929.
The Russian ruble (Ruble) also dropped to the lowest since mid-April 2016 versus the dollar due to the declining oil prices as well as the new American sanctions imposed on Russia.
The Indian Rupee also reduced to record lows compared to the dollar. USD/INR Touch rate 69.79.
Reuters believes that the Indian central Bank has prepared an intervention to reduce the overnight volatility.
The US dollar index ($ USD), a dollar strength gauge compared to the basket of the name, is closest to 14 months, 96.30, after a 1.33% increase in the previous week.
The Lira was down to the overnight record at a rate of USD/TRY touches 7.0303 before slightly increasing to 6.8434, equivalent to 6.87 in the day.
The Lira has slightly recovered deeply as the central bank provides liquidity and reduces the mandatory reserve rate for banks against the Lyra and foreign currencies.
Trade tensions with the US pushed the Lira to decreased by 40% this year and lost 1/5 value against the dollar just in the last week.
The Lira has also suffered a reduction in pressure with concerns about the President Erdogan ' enhanced monetary policy control and the economy.
The wave of semi-removed Lira has also made investors concerned about the risk to companies that have ties with Turkey or have assets associated with the Lira. The European Central Bank also warned Friday that a few banks could be influenced when Lira discounted prices.
The unrunning of the risky property in the context of the crisis of the Lira pushed the demand against the safe dollar up, creating pressure on the coins of the emerging market.
South Africa's Rand also dropped to a minimum of 2 years against the dollar with USD/ZAR rate 15.4645 overnight, before rising to 14.4929.
The Russian ruble (Ruble) also dropped to the lowest since mid-April 2016 versus the dollar due to the declining oil prices as well as the new American sanctions imposed on Russia.
The Indian Rupee also reduced to record lows compared to the dollar. USD/INR Touch rate 69.79.
Reuters believes that the Indian central Bank has prepared an intervention to reduce the overnight volatility.
The US dollar index ($ USD), a dollar strength gauge compared to the basket of the name, is closest to 14 months, 96.30, after a 1.33% increase in the previous week.
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