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Euro, EM Currencies Drop on Turkey Contagion Fear
The euro slumped with emerging-market currencies and stocks declined amid concern Turkey’s problems are spilling over. The Turkish lira hit a fresh record low amid a souring of diplomatic relations with the U.S. The common currency sank and the dollar extended gains as the Financial Times reported that the European Central Bank was concerned about the Turkish exposure of some banks. Traders sought out traditional havens in U.S. Treasuries and the yen. Turkish investors are looking to President Recep Tayyip Erdogan to calm their nerves when he speaks Friday for the first time since the latest selloff began. Other ... (full story)
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- Aug 10, 2018 3:11am Aug 10, 2018 3:11am
- Micc23
- | Joined May 2017 | Status: Member | 848 Comments
- Comment #2
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- Aug 10, 2018 3:17am Aug 10, 2018 3:17am
- Aussi
- Joined Sep 2013 | Status: Member | 4049 Comments | Online Now
ITS ABOUT THE CASH NOTHING ELSE.
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- Aug 10, 2018 3:24am Aug 10, 2018 3:24am
- fxsport
- Joined Jul 2007 | Status: Member | 2661 Comments
...because you never know - until you do!
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- Aug 10, 2018 3:41am Aug 10, 2018 3:41am
- interludebay
- | Joined Dec 2009 | Status: Member | 68 Comments