DJIA25669.32
LIVE110.59(0.43%)
NDX7377.54
LIVE3.25(0.04%)

Dollar index jumps to 14-month high as Turkey’s lira gets rocked to historic low


Saturday, 11 August 2018 03:30 WIB

DOLLARDolar AS


c_740_198_16777215_00_images_assets_CURRENCY_0134932_1.jpg

Turkey's lira grabbed the attention of currency traders Friday, skidding more than 16% against the U.S. dollar to a new historic low as fears grow that the country's financial problems could infect Europe.

Meanwhile, the U.S. dollar strengthened to its firmest level in more than a year against major rivals.

The Turkish lira slumped 16.8% versus the U.S. dollar, with the buck fetching 6.4873, compared with 5.5426 late Thursday in New York. The lira has consistently hovered around historic lows throughout the summer but has fallen more than 28% this week alone, according to FactSet.

The ICE U.S. Dollar Index which gauges the dollar against a half-dozen monetary units, surged amid the turmoil, and recently was up 0.9% at 96.348, its highest level since June 2017.

The euro the most significant component of the dollar gauge, fell sharply against the greenback, highlighting the spillover effect of Turkey’s dilemma on European markets. One dollar bought $1.1404 compared with $1.1526 late Thursday in New York, hitting a 13-month low.

Source: Marketwatch


RELATED NEWS

  • Pound menuju penurunan mingguan keenam karena kekhawatiran atas berlanjutnya ketidaksepakatan Brexit membebani pengetatan kebijakan Bank of England, dengan penurunan terbaru membiarkan mata uang mengh...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.