Turkish troops were attacking a Kurdish militia in Syria which Ankara regards as a terrorist organisation, pounding them with air strikes and artillery before starting a cross-border ground operation. The lira has come under pressure since the White House announced the withdrawal of some U.S. troops from the Syrian region near Turkey’s border. Investors are concerned about proposed U.S. sanctions on Turkey following the start of the incursion, including targeting Ankara’s military transactions and U.S. assets of President Tayyip Erdogan. …read more
Source:: Yahoo Finance
