Turkish President Tayyip Erdogan delivers a crisis speech in the northeastern city of Bayburt as the Lira extends recent free fall on US sanctions. Erdogan urges again the Turks to reach for their foreign exchange savings, and exchange dollar and gold for Lira. He said this is the most effective response to the west.
And he said the economic attack against Turkey is due to “small differences of opinion” with certain powers. He condemned that such attacks damaged their relationship with Turkey to a point where it’s impossible to repair.
EUR/JPY spikes lower after the speech but quickly recovers.
