November 21, 2017 - UNBOXING Socialist Bulgarian Leva & Greek Drachmai (pre Euro).
Dollar Strengthens As Turkey’s Economic Turmoil Pushes Euro Down
- The US dollar exchange rate strengthened against other major currencies at the end of trading Tuesday (08/14/2018), when the turmoil in the Turkish economy continued to press the euro weakening. 25 67 Gbp To Euro
Market concerns about the exposure of European banks to Turkey have hit the euro hard, which fell to a 13-month low against the US dollar on Tuesday.
However, the Turkish lira has rebounded 6.7 percent against the greenback on Tuesday, after slipping to an all-time low of 7.24 on Monday (08/13).
According to US data company FactSet, lira has dropped more than 40 percent against the US dollar so far this year, including nearly 25 percent in August alone.
The US dollar index, which measures the greenback against six other major currencies, rose 0.35 percent to 96.738 in late trading.
In late New York trade, In late New York trade 25 67 Gbp To Euro , and the British pound dropped to USD1.2711 from USD1.2751 in the previous session. The Australian dollar fell to USD0.7234 from USD0.7260.
The US dollar was bought at JPY111.20, higher than JPY110.67 in the previous session. The US dollar rose to CHF0.9945 from CHF0.9936, and fell to CAD1.3084 from CAD1.3142.
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