11:22 AM · 14 October 2019

Breaking News: Trump reiterates sanctions on Turkey are coming

Donald Trump reiterated via Twitter that the United States is planning to impose “big” sanctions on Turkey. However, the US President said that his country will not go to war with NATO ally. Nevertheless, the Turkish lira deepened decline on the news and the USDTRY currency pair stormed above the 5.93 handle on the news. The pair is trading at a fresh 1.5-month high but if we do not account for the flash crash from August, the pair is trading at the highest level since the beginning of June.

Donald Trump repeated that sanctions on Turkey are coming. Source: Twitter.

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