The euro fell to its lowest level against the US dollar in more than a year after a report by the European Central Bank expressing concern over the exposure of the euro zone banks to Turkey. As the Turkish lira fell by as much as 14% today amid growing concerns about the Turkish president's influence on monetary policy and worsening relations with the United States, which affected European banks' shares.
The euro hit its lowest level against the US dollar since July 14, 2017 at 1.1413, down close to 1% throughout the day so far, and the euro hit its lowest level against the Japanese yen since May 31 at 126.36.
The US dollar index rose to its highest level since July 6, 2017 at 96.31, following the release of US core consumer price data, which rose by 0.2% as expected in July.
The pound remains under pressure and fell to its lowest level in more than a year on concerns over Britain's exit from the EU without a trade deal. The GBPUSD reached 1.2722, the lowest since June 27, 2017.
The Canadian economy managed to add more than 54,000 jobs in July better than expected and unemployment fell to 5.8%, and the Canadian dollar rose after the data against the US before it erase its gains.
