Friday, 10 August 2018 23:38 WIB |
CURRENCIES | Euro
The euro extended its decline, falling to the weakest level in more than a year after U.S. President Donald Trump said he planned to double tariffs on Turkey's steel and aluminum imports amid escalating tension between the two nations.
EUR/USD dropped as much as 1.2% to 1.1395, the lowest level since July 2017, as pressure on Turkish lira spread to other EM currencies including the South African rand.
EUR/CHF fell as much as 1% to 1.1343, the lowest level in almost a year.
Bloomberg Dollar Spot Index gained as much as 0.7%, but remained shy of its year-to-date high set June 21; the greenback was higher against most of its G-10 peers, though the yen held modest gains on the the flight to safety.
USD/JPY fell as much as 0.5% to 110..
EUR/JPY down 1.5% with pair trading at lowest level since late-May.