|Day's range||5.63 - 5.653|
|52-week range||3.6846 - 7.0738|
Investing.com - The dollar was on the back foot Monday as soft U.S. retail sales data raised concerns over whether the strong pace of economic growth can continue.
Turkey President Recep Tayyip Erdogan criticized the Trump administration at a Turkish-American business dinner.
Investing.com - The dollar fell against its rivals on Wednesday, shrugging off mostly upbeat U.S. economic data as emerging market currencies made a stand against the greenback on improved sentiment.
The U.S. dollar fell against other currencies on Friday after weaker than expected inflation data as investors worried that the Federal Reserve could slow down rate hikes. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.06% to 94.47 as of 5:19 AM ET (9:19 GMT). The inflation numbers came just a day after data showed the producer price index fell 0.1% last month, increasing concerns that the Federal Reserve could ease its monetary policy.
Elsewhere, the dollar rose against the safe-haven yen, with USD/JPY increasing 0.43% to 111.73. The Australian dollar was higher, with AUD/USD up 0.67% to 0.7215, while NZD/USD rose 0.26% to 0.6578.
Investing.com - The Turkish lira rallied on Thursday after the country’s central bank raised interest rates much more than expected.
Investing.com - Markets kept a wary eye on wobbly emerging market currencies this week, with declines in the Turkish lira, Argentine peso, and the South African rand at the forefront.
Investing.com - Asian markets were mixed in morning trade on Tuesday as traders awaited the potential start of fresh U.S. tariffs on Chinese goods. The U.S. stock markets were closed on Monday for a holiday.
Investing.com - The pound and the Turkish lira were pressured lower in currency markets on Monday, while the dollar remained steady against a currency basket in holiday-thinned trade.
The U.S. dollar pushed higher against other currencies on Friday, as NAFTA revision talks between America and Canada were ongoing. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.19% to 94.82 as of 10:13 AM ET (14:13 GMT). Investors are watching trade negotiations between the U.S. and Canada ahead of a deadline at the end of the day.
The peso crashed nearly 12 percent, while the lira fell 2.94 percent to a fourth straight day of declines. In Asia, India's rupee fell to a record low against the dollar and the Indonesian rupiah hit a near three-year low. The currency crises will likely lead to some follow-through losses in Asia, but overall, the negative sentiment will not weigh as heavily compared to other factors, experts say.
Investing.com - The dollar rose to the day’s highs against a currency basket on Thursday, while the Turkish lira and the Argentinian peso skidded as a selloff in emerging market currencies gathered pace.
ANKARA, Turkey (AP) — The Turkish lira has further weakened against the dollar amid investors' move away from emerging markets and concerns over President Recep Tayyip Erdogan economic policies.
Thursday's losses were accentuated by a Reuters report, that cited two sources familiar with the matter, stating that the Turkish central bank's deputy governor and Monetary Policy Committee member Erkan Kilimci is set to resign. The Turkish lira saw heavy selling again Thursday afternoon, amid a broader sell-off for emerging markets and after a report of a possible resignation at the country's central bank. The U.S. dollar was up over 4 percent on Thursday against the Turkish currency, trading at 6.7422 by 1:00 p.m. London time.
The Turkish lira weakened on Tuesday as investors weighed up Turkey's efforts to manage its rift with the United States after Finance Minister Berat Albayrak said U.S. trade sanctions against Ankara could destabilise the Middle East. The currency has lost about 38 percent of its value against the dollar this year due to a sell-off accelerated by a row with Washington over an American evangelical Christian pastor detained in Turkey on terrorism charges. More broadly, investors are worried about the direction of monetary policy under President Tayyip Erdogan.
Investing.com - The dollar extended losses against a currency basket on Tuesday, falling to one month lows as a U.S.-Mexico trade deal eased fears over a trade war, while the Turkish lira fell more than 1% against the dollar.
The Turkish lira firmed against the dollar on Friday after weakening in thin holiday trade this week, as a bitter standoff dragged on between Ankara and Washington over the fate of an American pastor being tried in Turkey. The lira firmed to 6.0550 against the U.S. currency from a close of 6.0950, having weakened 1 percent on Thursday after Turkish President Tayyip Erdogan's spokesman accused the United States of waging "economic war". This is the quiet before the storm," said Jakob Christensen, head of EM research at Danske Bank.
Investing.com - The dollar was little changed on Monday, hovering near 14-month highs against major rivals, as investors awaited a full week of references with U.S.-China trade talks on the bill as well as minutes from the last policy meeting of the Federal Reserve and a speech from the U.S. central bank chief Jerome Powell.
Investing.com - The Turkish lira weakened on Monday after the country’s credit rating was cut further into junk territory on Friday and following reports of shots being fired at the U.S. embassy in Ankara.
Investing.com - Stocks started the day lower on Wall Street Friday, as global market selling on a further tumble in the Turkish lira hit the broader market and weakness in semiconductor earnings hit technology shares.
Investing.com - U.S. futures pointed to a lower open on Friday as investors were spooked by a renewed decline in the Turkish lira spurred by the U.S. threat of more sanctions.