Turkish Lira Declines as U.S. Sanctions Risk Sours Appetite - Bloomberg

Turkish Lira Declines as U.S. Sanctions Risk Sours Appetite By Ugur Yilmaz December 11, 2020, 12:48 PM GMT+1 Updated on December 11, 2020, 1:15 PM GMT+1 The lira dropped as much as 1.7% to 8.0272 per dollar before paring declines, after President Donald Trump was said to have signed off on a package of penalties against Ankara over its purchase of Russian S-400 missile systems. Meanwhile, the European Union resisted Greek-led demands for tougher sanctions, and instead held out the possibility of weighing more punitive measures by March if Turkey continues its confrontational acts in the eastern Mediterranean. More:Turkish Lira Declines as U.S. Sanctions Risk Sours Appetite - Bloomberg