Turkey said on Oct. 8 it had completed preparations for a military operation in northeast Syria after the United States began withdrawing troops, paving the way for a Turkish attack on Kurdish-led forces allied to Washington.
U.S. President Donald Trump warned on Oct. 7 he would"obliterate" the Turkish economy if the country went too far in its planned military incursion. The lira fell to 5.84 against the dollar at 1041 GMT on Oct. 8 from 5.70 on Oct. 4. Turkey's main share index fell 0.63% while its sovereign dollar bonds came under fresh pressure, with some bonds maturing in 2030 and beyond losing nearly 1 cent in a second day of declines.
Turkey on Sept. 30 raised its economic growth forecast to 5% for 2020, and lowered its inflation outlook to 8.5%.
dasha_reuters No comment.🙂
Reuters dasha_reuters All Pres. Trump had to do is make the threat and the market reacted. Should be a not so subtle warning about actions in Syria.