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Turkish Lira Warily Eyes US Sanctions Threat, Erdogan Rate Cut Promises
Monday was a big day for soundbites from Steve Mnuchin.
In addition to insisting that the seemingly intractable trade war between the Trump administration and Beijing somehow isn't contributing to the visible deceleration in the US economy, Steve managed to bully the Turkish lira a bit.
"We’re looking at that", the Treasury secretary said, when asked about possible sanctions against Ankara in response to President Erdogan's flagrant disregard for US demands around the purchase of Russian-mad
