Turkish court sentences pastor Brunson to 3 years in prison, USD/TRY fluctuates wildly
|According to the latest headlines crossing the newswires, American pastor Brunson has been convicted and sentenced to three years in prison. However, the court has also decided to lift the judicial restrictions, including the travel ban, on Brunson and freed him on time served.
The initial market reaction caused wild fluctuations in the USD/TRY pair. After dropping sharply to the 5.82 area, the pair recovered quickly and was last seen trading near 5.90, where it was down 0.4% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.