Turkish Lira Declines To Near 2-month Low Against U.S. Dollar
16 Diciembre 2019 - 2:30AM
RTTF2
The Turkish Lira depreciated against the U.S. dollar in the
European session on Monday, as Turkish President Tayyip Erdogan's
warning to close down Incirlik airbase in retaliation to U.S.
sanctions escalated tensions between Washington and Turkey.
On Sunday, Erdogan said that he would close Incirlik and Kurecik
airbases in Turkey, if Washington implements sanctions on Ankara
for buying a Russian missile system.
Erdogan's comments intensified worries over its relationship
with the U.S. that had been worsened over the purchase of the
Russian S-400 missile defence system earlier this year and its
recent military operation in northern Syria.
The Turkish Lira fell to 5.85 against the greenback, its lowest
since October 22. If the Lira drops further, 6.5 is likely seen as
its next support level.
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