Private DCN Private DCN - Euro

EUR: Turkey weighs on single currency

By Ricky Bean August 10th, 2018

The euro fell below $1.15 against the dollar for the first time since July 2017 after an FT article cited the ECB being concerned over European banks’ exposure to Turkey. With the rapid decline in the lira’s value, the income of banks invested in Turkey is at risk. With a day light of European economic data, we expect macro themes to continue to drive markets today.