Currencies

Escalating trade war concerns and higher U.S. interest rates have pushed an index of emerging currencies almost 7 percent lower this year, according to Reuters.

The Argentinian peso lost 20 percent in value against the dollar in just two days.

The Turkish lira tumbled nearly 5 percent against against the U.S. currency on Monday as markets reopened after the week-long Muslim public holiday of Eid al-Adha. 

Mexican peso, the world’s eighth most-traded currency, surged on Tuesday by the most in over two years, lifted by an emerging markets rally and soothing words from Andres Manuel Lopez Obrador, the country's newly elected president.

Swiss voters are heading to the polls on June 10 for a referendum on whether the wealthy Alpine nation should give the central bank of Switzerland (SNB) the sole authority of "creating money”.

The euro is set on Friday for its fifth successive weekly decline versus the dollar, in what would be a first for the currency since 2015, as investors continue to keep a close eye on the political situation in Italy, euro zone’s third-largest

The euro fell to a three-week low on Thursday, after the European Central Bank (ECB) released its latest meeting minutes. At the ECB meeting, policy makers were worried about the strength of the single currency. 

The Australian and New Zealand dollars are lower against their US counterpart as solid retail sales data revived the risk of another Federal Reserve interest rate hike this year.

By Sandor Peto and Radu-Sorin Marinas

By Sandor Peto