Tuesday 17 November 2015

European currencies fall in the aftermath of Paris attacks

European currencies weakened Monday as investors, shaken by coordinated attacks in Paris late-Friday, moved into the perceived safety of the U.S. dollar and Japanese yen.

The euro EURUSD, -0.2246%  traded at $1.0684 late Monday in New York, down from $1.0769 late Friday in New York, dragging other European currencies — including the Hungarian forint USDHUF, +0.33%  and Polish zloty USDPLN, +0.1963%  — down with it.

The British pound GBPUSD, -0.1579%  and the Swiss franc USDCHF, +0.1683%  also tumbled, trading at $1.5206 and 1.009 franc to the dollar late Monday. That is compared with $1.5232 and 1.006 to the dollar Friday afternoon.

Emerging-market currencies like the Turkish lira USDTRY, +0.0763%  also sold off.

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