XE Market Analysis: Asia – Aug 10, 2018

The Dollar soared to better than one-year highs in N.Y. on Friday, taking the DXY to levels last seen on July 7 of last year. The Greenback had been on the move higher during the London morning session, as Turkey melted down on economic turmoil there, made worse later by the doubling of U.S. sanctions on Turkish steel and aluminum imports. USD-TRK at one point rallied 20% to 6.7596. The Euro was heavily impacted, due to EU bank exposure to Turkey, EUR-USD fell to 1.1388 after opening near 1.1460.

Source: XE news feed
XE Market Analysis: Asia – Aug 10, 2018