XE Market Analysis: Europe – Aug 13, 2018

The Dollar and Yen rallied amid a coursing risk-off theme in markets, which has hit Asian stock markets, commodity prices, and seen the likes of the Euro and Australian Dollar underperform relative to the other main currencies. The Turkish Lira dove to a new record low 7.24 versus the Dollar before rebounding some after Ankara issue a notice that it will implement a plan this morning to stop the currency’s decent, with the central bank of Turkey subsequently issuing a raft of measures.