XE Market Analysis: Asia – Aug 15, 2018

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The dollar index posted frosh near 14-month highs in N.Y. on Wednesday, topping at 96.98 before pulling back to 96.66 into the close. The Greenback rallied on safe-haven flows after Turkey imposed tariffs on U.S. goods, which saw equities and Treasury yields fall. The Euro in particular, was driven by movements in the Turkish Lira, which was extremely volatile through the session, taking EUR-USD to trend lows of 1.1301 as the Lira dropped, then back up to 1.1355 highs as reports of foreign investment into Turkey lifted the Lira.