Turkish President Tayyip Erdogan crossed the wires in the last minutes saying that the U.S. should think very carefully before imposing sanctions on Turkey. “The U.S. has not given Turkey a very good deal on Patriot missile systems,” Erdogan argued. “If Washington imposes sanctions on Turkey, Ankara will respond with reciprocal sanctions.”
With the initial market reaction, the USD/TRY pair jumped to a daily high of 5.82 and was last seen at 5.77, where it was down 0.2% on a daily basis.
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