The dollar increase in the context of crisis fears still
The dollar increased on Wednesday after reaching the highest level of 13 Thsng in the session before the force with the safe property still increases in the context of concerns about the Turkish crisis still.
USD index, the dollar strength measurement index as compared to the basket of 6 currencies, up 0.18% to 96.72 at 1:30AM ET (0530GMT), just below the highest 13 months achieved in the previous session is 96,794.
Bart Wakabayashi, in charge of State Street Bank Tokyo branch says: "With all the unrest in Turkey and the spread to emerging markets, the dollar is sought to buy as a less risky asset".
Turkish president Erdogan swore on Tuesday that would boycott Iphones and American electronic products when he condemned a "clear economic assault" for Turkey.
The Lira began to decline next after recovering more than 8% overnight with USD/TRY rate increased by 1.12% to 6.4269. Rates have reached the highest history 7.24 Monday.
The Lira has been supported after the Turkish Minister of Finance said Turkey will protect their coins and believe it will increase in price.
David Plank, Chief economic division at ANZ said: "The restoration of the Lira puts European banks and the currency of emerging economies into a state of rest but needs to be said that the story hasn't ended.
The Hong Kong dollar was also noted after the Hong Kong Monetary Authority intervened to protect their currency against the first dollar from May 5 after the local currency dropped to a low rate because the US dollar increased the price.
The Hong Kong Monetary Authority acquired US $2,159 billion ($ 275 million) on Tuesday, according to the central bank's page.
The USD/JPY rate rose 0.08% to 111.25 while AUD/USD and NZD/USD fell 0.4% and 0.2% on Wednesday.
USD index, the dollar strength measurement index as compared to the basket of 6 currencies, up 0.18% to 96.72 at 1:30AM ET (0530GMT), just below the highest 13 months achieved in the previous session is 96,794.
Bart Wakabayashi, in charge of State Street Bank Tokyo branch says: "With all the unrest in Turkey and the spread to emerging markets, the dollar is sought to buy as a less risky asset".
Turkish president Erdogan swore on Tuesday that would boycott Iphones and American electronic products when he condemned a "clear economic assault" for Turkey.
The Lira began to decline next after recovering more than 8% overnight with USD/TRY rate increased by 1.12% to 6.4269. Rates have reached the highest history 7.24 Monday.
The Lira has been supported after the Turkish Minister of Finance said Turkey will protect their coins and believe it will increase in price.
David Plank, Chief economic division at ANZ said: "The restoration of the Lira puts European banks and the currency of emerging economies into a state of rest but needs to be said that the story hasn't ended.
The Hong Kong dollar was also noted after the Hong Kong Monetary Authority intervened to protect their currency against the first dollar from May 5 after the local currency dropped to a low rate because the US dollar increased the price.
The Hong Kong Monetary Authority acquired US $2,159 billion ($ 275 million) on Tuesday, according to the central bank's page.
The USD/JPY rate rose 0.08% to 111.25 while AUD/USD and NZD/USD fell 0.4% and 0.2% on Wednesday.
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