The euro has pared some of its losses linked to the Turkish lira collapse, and the Turkish lira has lost more than 40 percent of its value against the US dollar this year as a result of the president's demands to cut interest rates and strained relations with the United States.
The EURUSD is currently trading at 1.1380 after hitting a 13-month low of 1.1365, and the EUR has so far lost 2.4% this month. Also, the Turkish lira pared some of its losses as the USDTRY fell to 6.53.
The dollar was on course to record the biggest daily drop this month against a basket of currencies but has risen since the Turkish lira crisis. The dollar index is currently stabilizing at 96.38.
The pound rose today rose to 1.2827 after British employment data helped it rise from a 13-month low against the US dollar. Unemployment fell to its lowest level since 1975 at 4%, but wages were weak and only rose by 2.4% higher.
