USD/TRY slips below 5.67 after US' Pompeo says some Turkey sanctions could be lifted

Eren Sengezer FXStreet

The United States Secretary of State Mike Pompeo recently crossed the wires saying that some pastor-related sanctions on Turkey could be lifted. The initial market reaction to this comment boosted the TRY and the USD/TRY pair was last seen trading at 5.6675, where it was down 0.35% on the day.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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