As tensions continued to flare between Turkey and the US this limited the potential for the Euro to US Dollar (EUR/USD) exchange rate to recover from its recent bout of weakness.
Concerns remain over the future of the Turkish economy, with the imposition of tariffs on a number of US goods risking a further escalation of the financial crisis.
Given the risk that the weaker Turkish Lira (TRY) potentially poses to the wider European banking sector the mood towards the Euro (EUR) is still jittery.
After the significant losses seen last week, though, the decline of the single currency has eased somewhat.
Concerns remain over the future of the Turkish economy, with the imposition of tariffs on a number of US goods risking a further escalation of the financial crisis.
Given the risk that the weaker Turkish Lira (TRY) potentially poses to the wider European banking sector the mood towards the Euro (EUR) is still jittery.
After the significant losses seen last week, though, the decline of the single currency has eased somewhat.