Trump Threats Press the Turkish Lira



[ad_1]

The Turkish lira fell yesterday after US President Donald Trump threatened to impose Ankara unless an American priest was released, provoking an angry reaction from Turkey and exacerbating tensions between the two member countries of NATO. The dollar reached its highest level in five days as investors waited for information on US GDP data, after recording 4.82 lira last night, before the release of threat-of-sanctions reports [19659002UnitedNationsTrumpexpresseddissatisfactionwiththestrengthofthedollarignoringtheusualpracticeofUSleadersavoidingpublicinterventioninfinancialmarketsButtheUScurrencyhasstabilizednearitshighestlevelinayearlastweek

The dollar index rose 0.4% to 94,796, its highest level in 5 days, while the euro recovered some of its losses the day before yesterday. The European currency fell against the Japanese currency at 110.965 yen after failing to maintain its gains after briefly climbing to 111.25 yen, while the British pound has changed little.

and settled at $ 1.3123. The Australian dollar climbed 0.2% to $ 0.7392, rebounding after the decline the day before

Gold hit a trough of a week as the dollar moved ahead of the numbers. US growth, fears of a receding trade war Between the United States and the European Union, the decline in the demand for safe haven assets

fell by 0.3% in the spot trading at $ 1218.92 an ounce, after hitting a one-week low of $ 1217.86 and down for a third consecutive week. The yellow metal fell 0.6% in US futures for delivery in August to $ 1218.

Silver fell 0.1% to $ 15.35, 0.2% palladium to $ 926.40 and platinum 0.38%. 19659004] Chinese equities were hit by the continuing trade confrontation between the United States and China, while the Chinese yuan is heading for losses for the seventh consecutive day.

[ad_2]
Source link