Dominican Republic Pesos

Turkey’s troubles and the threat of contagion were the main factors pushing the euro around last week, but the ECB might put the focus back to policy this time.

Market players have been paying a lot of attention to the Turkish lira’s slump recently. But what’s it all about? What triggered the slump? Does the lira’s slide have an effect on other economies? Well, read on and find out.

Trading conditions were rather subdued during the morning London session. There were some themes playing out, though, namely the yen’s overall poor performance and the pound’s pre-BOE rise and post-BOE fall.

AUD and NZD were able to add to their gains despite the skittish risk sentiment, probably because of USD weakness ahead of the U.S. midterm elections. GBP, meanwhile, had a two-way trip because of Brexit-related updates.