XE Market Analysis: North America – Aug 13, 2018

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The Dollar and Yen rose while the Euro, Australian Dollar and other currencies dropped as risk-off went next level today as the Turkish Lira dove to new record lows, which in turn sparked risk aversion in other emerging market currencies. Ankara implemented raft of measures that successfully stopped the rout in the Lira, which in turn brought some respite to broader markets, though global stock markets remain down. The USD index (DXY) printed a fresh 13-month high at 96.52 and EUR-USD concomitantly hit a 13-month low at 1.1365 in pre-Europe trade in Asia before finding a toehold.