After weakening to 13-month lows the euro clawed back above the $1.14 level on Monday, as Turkey’s lira pulled away from record lows against the dollar, but still held heavy losses for the day.
The level of sterling, which has tumbled to near 13-month lows over Brexit fears and the dollar strength, is for financial markets to determine, British Prime Minister Theresa May's spokesman said on Monday.
Emerging market currencies were hit on Monday, as turmoil gripping financial markets over Turkey’s currency crisis drove investors into safe haven currencies, including the U.S. dollar, yen and Swiss franc.
The euro was trading at more than one-year lows on Monday as a crash in the Turkish Lira roiled global markets amid fears that the country’s financial crisis could spread to European markets.
Cryptocurrencies eased back from a week of losses as the World Bank announced it was creating the first blockchain bond.