While responding to the Turkish court’s conviction of the US Consulate General employee, US Secretary of State Mike Pompeo said the charges levied as baseless and can harm the US-Turkey relations.
Key quotes
US is deeply troubled by the Turkish court conviction of US Consulate employee in Istanbul.
Charges are baseless.
The conviction harms US-Turkey relations.
FX implications
Given the news weigh on the Turkish Lira, USD/TRY carries the previous day’s run-up to 6.84 following the release.