|Day's Range||5.864 - 5.98|
|52 Week Range||4.0298 - 7.0738|
Emerging market currencies fell against the dollar on Thursday, with Turkey's lira in focus ahead of a central bank rate decision, while stocks dipped on disappointing South Korean data and warnings on ...
Investing.com -- The dollar is continuing its march higher early Wednesday in Europe, enjoying further support from a strong corporate earnings season at home coupled with better-than-expected economic data.
Investing.com - U.S. gross domestic product, a hectic week of earnings and interest rate decisions in Japan, Canada and Turkey will keep market watchers on their toes this week as markets return from Eater holidays. Financial markets in Europe are to remain closed on Monday.
Investing.com -- The euro is trading sideways against the dollar early Thursday in Europe, awaiting what are likely to be market-moving business surveys from around the region.
The Turkish lira climbed to 5.7175 against the dollar on Wednesday after the opposition Republican People's Party (CHP) announced that its candidate for Istanbul mayor will head to the courthouse shortly to receive his mandate. Turkish President Tayyip Erdogan's AK Party (AKP) is appealing to re-run the March 31 local Istanbul election, for which initial results showed a narrow victory for CHP's Ekrem Imamoglu. Recounts of votes in Istanbul ended on Wednesday.
Investing.com -- The dollar was still trading sideways in early trading in Europe Tuesday, after dipping late Monday on the back of comments from the Federal Reserve’s Charles Evans suggesting that there will be no change in interest rates for over a year.
Turkey led declines in most emerging market currencies on Friday, with the lira sliding as investor disappointment over the government's economic reform plan unveiled this week left a pall over the currency. A reform plan released on Wednesday featuring a 28 billion lira ($4.85 billion) capital injection into Turkish state banks did little to soothe frayed nerves as the government tries to gain market credibility and deliver a turnaround for the battered economy. MSCI's index of emerging market currencies dipped 0.1 percent, while the developing world stocks index edged lower.
The Turkish lira weakened to as much as 5.80 against the dollar on Friday, following dwindling confidence in the country's currency and amid disappointment over an economic reform plan unveiled by Turkey's finance minister this week. On Thursday, the lira weakened 1.2 percent following a lukewarm reaction on Wednesday to Finance Minister Berat Albayrak's package of economic reforms, notably a plan to provide 28 billion lira ($4.9 billion) to recapitalise state banks. On Friday, Turkey's central bank corrected its figures of foreign currency deposits held by locals to $181.88 billion, a day after it announced it had dipped to $181.13 billion.
Investing.com -- The euro was slightly higher against the dollar and pound in early trade in Europe on Friday, supported by signs of an economic rebound in China and reports of buying related to a big cross-border acquisition, while sterling continues to slip amid the prospect of more months of Brexit-related uncertainty.
The lira weakened 1.2 percent to 5.75 against the dollar on Thursday after the central bank's international net reserves fell to $27.94 billion as of April 5, from $29.72 billion a week earlier. Analysts say Turks converting their savings into foreign currencies have signaled a decline of confidence in the lira. The data followed a lukewarm reaction on Wednesday to Finance Minister Berat Albayrak's package of economic reforms, notably a plan to provide 28 billion lira ($4.9 billion) to recapitalise state banks.
Turkey's lira briefly weakened to 5.72 against the dollar as Finance Minister Berat Albayrak outlined a reform package on Wednesday aimed at reviving the economy, before returning to its previous level. ...
Emerging-market currencies on Monday kick off the weak on the back foot, with the Turkish lira dragging major EM currencies lower on Monday.
(Bloomberg) -- The currencies of Turkey and Romania start the second quarter at the bottom of the emerging-market pack outside Latin America. The most-accurate forecaster for their region says they’ll end the year even weaker.
The Turkish lira weakened more than 1 percent against the dollar on Monday after President Tayyip Erdogan kept up pressure for a recount of local elections in the largest city Istanbul. The lira has been pressured by initial results showing Erdogan's AK Party (AKP) narrowly lost control of both Ankara and Istanbul to main opposition party CHP. The AKP wants a recount in Istanbul, Turkey's commercial hub, and Erdogan said the margin between the two top candidates was too small for the opposition to claim victory.
Investing.com -- Foreign exchange markets have started the week quietly in Europe, with both the major European currencies in holding patterns ahead of a crucial week for Brexit, while the dollar is still drifting as it waits for hard news of trade deal between the U.S. and China.
Investing.com -- The dollar is settling into a tight range early Friday in Europe ahead of the all-important U.S. employment report, due at 08:30 AM ET (12:30 GMT).
The Turkish lira eased to 5.62 against the dollar early on Wednesday, remaining under pressure after weakening a day earlier as the United States halted delivery of equipment related to a Turkish order of F-35 fighter planes. Washington warned that Ankara's insistence on buying Russian S-400 defence systems risked triggering sanctions. The lira has also been pressured by local election results showing President Tayyip Erdogan's AK Party on track to lose control of both Ankara and Istanbul, his popularity hit by a recession, in large part triggered by the currency weakness.
Investing.com -- The dollar was close to its highest level in nearly three weeks in early trading in Europe Tuesday, as the rising likelihood of a disruptive and disorderly Brexit hit confidence in both the euro and sterling.
Turkish President Recep Tayyip Erdogan suffers a blow in local weekend elections, setting the stage for more near-term uncertainty for investors, according to ABN Amro.
A rebound in Chinese economic data, along with signs that a trade deal with the U.S. might not be too far off, increases risk appetite on Monday, leading riskier currencies higher and the U.S. dollar lower.
Our call of the day from UBS’s chief economist Paul Donovan, says investors want to take this latest China data with a grain of salt, as he says it’s not presenting a true underlying picture.
The Turkish lira weakened 1.2 percent against the dollar early on Monday after local elections in which President Tayyip Erdogan's AK Party lost control of the capital Ankara and appeared to concede defeat ...
Investing.com -- The dollar is opening the week slightly lower after a bounce in Chinese manufacturing activity encouraged traders to start the new quarter with some cautious optimism.