Turkish Delight: Full Week Ahead Preview
I’m calling out to industrialists, do not attack banks to buy FX. It is industrialists’ duty too to keep this nation on its feet. Otherwise we will set into motion our plan B and C.
That's from one of three speeches Recep Tayyip Erdogan delivered on Sunday in the hours ahead of the market open in Asia and needless to say, exactly nothing the Turkish President said over the weekend will quell investor fears.
Early indications suggested there's more pain ahead - USDTRY was quoted above 7.2
Hopefully sanctions on Russia will include asbestos.