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Foreign exchange: The dollar rises against the euro

23/03/2021
Categories: Economy/Forex Index/Markets

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The announcement this weekend of the dismissal of the governor of the Central Bank of Turkey and the climate of aversion have had its impact on currencies. On Monday, the dollar rose against several currencies.

Against the euro, the dollar gains a few percentage points. Also, the greenback jumped 8.3% against the Turkish lira.
Commonwealth Bank of Australia stresses that the impact of the dismissal of the governor of the Central Bank of Turkey on currencies is likely to be short-lived and continues to anticipate a weakening of the dollar.
The dismissal of the governor of the Turkish central bank, which came after the central bank raised interest rates, is seen as a major blow to investor confidence, comments Dailyfx.com, which notes that the dollar, the yen and the Swiss franc, considered safe havens, recorded the best increases among G10 currencies on Monday morning

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