The Euro against the U.S. dollar fell to a low for the year

Курс евро к доллару США упал до минимума за год‍

The Euro on Friday fell to a low against the dollar on concerns that the strong depreciation of the Turkish Lira will have a negative impact on major European banks, according to Dow Jones.

The Euro is trading this morning at $1.1450 against the $1,1527 closing the last session. While earlier the rate was dropped to $1,1438, which is the lowest level since July last year.

“We will see the next support level at around $1,1294”, says currency analyst at National Australia Bank Rodrigo Catril.

The cost of the single European currency is on Friday in the district 127,03 yen compared to the 128,05 yen in the previous working day. The dollar is 110,92 111,08 yen against the yen on Thursday.

Index ICE U.S. Dollar, showing the value of the U.S. dollar relative to six major world currencies, increased by 0.49%. The WSJ Dollar indicator, which tracks the dynamics of the dollar relative to the 16 major world currencies, jumped up 0.61%.

Single Supervisory mechanism (SSM), the main banking regulator in the Eurozone, have expressed concerns that the sharp depreciation of Turkish currency may affect BBVA, UniCredit, BNP Paribas and other banks that provide substantial credit lines in Turkey, writes The Financial Times.

Since the beginning of this year, the Lira fell more than 38% to the dollar. In the course of trading on Friday, she lost 6.8 percent, dropping to a new record low of 5.95 Lira/$1.

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