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Lira plunges vs. dollar as ECB worries about banks exposure to Turkey: report

“The Turkish lira plunged to a fresh record low against the U.S. dollar Friday, following a report the European Central Bank is growing more concerned about exposure of regional banks to Turkey” writes Markets Reporter for marketwatch.com. The euro fell against the dollar Friday as the shared currency EURUSD, -0.5987% traded 0.5% lower at $1.1467.”The euro is lower this morning as Turkey’s problems seem to be spreading to Europe,” said Konstantinos Anthis, head of research at ADSS, in a note.”From a technical perspective, the euro could go all the way to 1.14 before finding support, said Anthis.
 
Source: marketwatch.com



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