Mnuchin Set To Slap Turkey With New Sanctions As Erdogan ‘Turns Out Not To Be A Great Friend’ 😡

Mnuchin Set To Slap Turkey With New Sanctions As Erdogan ‘Turns Out Not To Be A Great Friend’ 😡

Just when you thought it was safe to jump back into the lira... I'm just kidding. I certainly hope no one thought it was safe to take the long side of that trade. The currency, coming off its second worst week in nearly a quarter century, was in the middle of three-day rally on the back of a series of steps taken by the central bank to try and stanch the bleeding, but that's now in jeopardy thanks to comments from Steve Mnuchin. On Wednesday, Turkey secured what amounts to a $15 billion bailou
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