Turkey’s lira tumbled to a record low beyond 5 to the dollar on Thursday, after Washington imposed sanctions on two of President Tayyip Erdogan’s ministers over the trial of a U.S. pastor accused of backing terrorism. The sell-off, which also hammered local stocks and Turkey’s debt risk profile, reflected deepening investor concern over tensions with the United States, a NATO ally and major trading partner. The U.S. Treasury Department announced sanctions on Wednesday against Justice Minister Abdulhamit Gul and Interior Minister Suleyman Soylu. …read more
Source:: Yahoo Finance
