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According to Turkish presidential sources,  French President Emmanuel Macron told Turkish President Erdogan  that Turkey’s economic stability was important for France in a recently held phone call, as reported by Reuters.

Key quotes

  • Turkish president Erdogan and France’s Macron emphasized the importance of improving bilateral investment.
  • Turkish president Erdogan and France’s macron emphasized the importance of improving economic and trade relations.

There was no apparent market reaction to this development and the USD/TRY was last seen trading at 5.8400, where it was down 1.3% on the day.