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11 Oct 2019

US Treasury Sec. Mnuchin: Putting financial institutions on notice that there could be sanctions on Turkey

In a press conference on Friday, United States (US) Treasury Secretary, Steven Mnuchin, announced that President Trump signed a new executive order giving US officials very new significant sanctions authorities that can target Turkey and the Turkish government.

"At this point, we are not activating the sanctions on Turkey," Mnuchin added. "We are putting financial institutions on notice that there could be sanctions later on Turkey."

The USD/TRY pair spiked to a daily high of 5.8970 on these comments but quickly reversed its direction. As of writing, the pair was trading at 5.8770, adding 0.7% on the day.

Oct 11, 2019

Fed's Rosengren: Policymakers can be patient before deciding whether to take more action

In his prepared remarks delivered at the University of Wisconsin-Madison on Friday, Boston Federal Reserve Bank President Eric Rosengren argued that p
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Oct 11, 2019

Partial US-China trade deal as of Thursday night includes currency pact, delay in tariffs - Reuters

Citing sources familiar with the matter, Reuters on Friday reported that the partial trade deal that the United States (US) and China reached as of Th
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