The Euro has started to weaken again following a brief recovery at the start of the week, with the single currency plunging to lows of 1.1365 Wednesay over fears the Turkish debt crisis could ensnare the Eurozone banking sector.
August 15,2018
Foreign exchange strategists with Commonwealth Bank of Australia reckon the Euro exchange rates will not suffer lasting damage from the Turkish financial crisis.
August 13,2018
The Euro-to-US Dollar rate fell sharply at the end of last week after the single currency lost ground due to fears contagion from the Turkish debt crisis could undermine the financial stability of the Eurozone.
August 13,2018
"Trouble in Turkey spurred a stampede into the U.S. currency which powered to fresh highs." - Western Union.
August 11,2018
Large option expiries can move the market and many are expected on Thursday - expiry levels tend to draw the rate back up or down to the level but if the market is too far away there is the possibility of the opposite occurring and 'gamma explosion'
August 9,2018
The Euro shrugged off mixed German data midweek after indications China is enjoying a boost in trade with the EU, just as its trading relationship with the US deteriorates.
August 8,2018
The Euro was steady against the Dollar Wednesday but the currency will be increasingly vulnerable to losses over coming weeks as the new Italian government thrashes out its 2019 budget plan ahead of a possible showdown with EU fiscal hawks in Brussels toward the end of the year.
August 8,2018
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