The USD/TRY pair gained more than 700 pips in the last 30 minutes and advanced to a fresh record high at 4.9990 as the lira came under a heavy selling pressure after news outlets reported that the United States was preparing a list of economic sanctions. Last week, US President Donald Trump sent a warning message to Turkey via Twitter saying: “The United States will impose large sanctions on Turkey for their longtime detainment of Pastor Andrew Brunson, a great Christian, family man and wonderful human being. He is suffering greatly. This innocent man of faith should be released immediately!” Yesterday, a Turkish court announced that it an appeal by Brunson to be released from house arrest as his trial on terror and espionage charges continues. Moreover, earlier this week, the TRY weakened against its rivals after the data showed increasing inflationary pressures in the country. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoJ: has lowered the risk of sudden JPY appreciation – Nomura FX Street 5 years The USD/TRY pair gained more than 700 pips in the last 30 minutes and advanced to a fresh record high at 4.9990 as the lira came under a heavy selling pressure after news outlets reported that the United States was preparing a list of economic sanctions. Last week, US President Donald Trump sent a warning message to Turkey via Twitter saying: "The United States will impose large sanctions on Turkey for their longtime detainment of Pastor Andrew Brunson, a great Christian, family man and wonderful human being. He is suffering greatly. This innocent man of faith should be released… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
