09 October, 2019
The USD/TRY currency pair continued higher on Wednesday, despite the fact that the Greenback is trading slightly lower against a basket of other currencies. The Turkish Lira is still on the downside as investors pondered prospects for Ankara’s planned incursion in northeast Syria, with an aide of President Tayyip Erdogan saying Turkish forces will cross the border “shortly”. The lira has been volatile this week by comments from U.S. President Donald Trump. A day after warning he could “obliterate” Turkey’s economy if it went too far in its Syria operation, Trump tweeted on Tuesday that Ankara was a “big trading partner” of the United States and had been “good to deal with”.