One for the Turkish lira traders. Erdogan hasn’t stopped at sacking senior officials at the central bank.
From earlier this month:
Erdogan said on Saturday that he had told his foreign ministry to expel the ambassadors of
- Canada, Denmark, France, Germany, the Netherlands, Norway, Sweden, Finland, New Zealand and the United States
Seven of those are Turkey’s NATO allies.
Via Reuters, Erdogan announced the expulsions to cheers from a crowd he was addressing.
The deepening rift with the west will not be a positive contribution to lira sentiment.
Erdogan giving TRY
This article was originally published by Forexlive.com. Read the original article here.