NEW YORK, Aug. 13 (Xinhua) -- The U.S. dollar climbed on Monday as Turkey's economic turmoil continued to weigh on the euro and emerging market currencies.
The Turkish lira has plunged 20 percent against the U.S. dollar over the past two sessions after U.S. President Donald Trump authorized the doubling of tariffs on steel and aluminum products from Turkey.
Other emerging market currencies like the Indian rupee and the Mexican peso were hit severely amid the lira crisis. Meanwhile, market anxiety about European banks' exposure to Turkey also hurt the euro, which touched 1.1365 U.S. dollars on Monday, the lowest since July 2017.
The dollar index, which measures the greenback against six major peers, was up 0.04 percent at 96.3983 in late trading.
In late New York trading, the euro decreased to 1.1392 dollars from 1.1397 dollars in the previous session, and the British pound decreased to 1.2751 dollars from 1.2760 U.S. dollars in the previous session. The Australian dollar decreased to 0.7260 dollar from 0.7289 dollar.
The U.S. dollar bought 110.67 Japanese yen, higher than 110.61 Japanese yen of the previous session. The U.S. dollar fell to 0.9936 Swiss franc from 0.9948 Swiss franc, and it was up to 1.3142 Canadian dollars from 1.3133 Canadian dollars. Enditem
