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Turkey Political and Currency Crisis Dominates Late Summer Trade

Turkey Political and Currency Crisis Dominates Late Summer Trade

4 Months ago | August 19, 2018 00:00:00

John M. Bland, MBA, co-founder, Global-View.com


Turkey Crisis Dominates Trading Activity The political and currency crisis in Turkey dominated trade at the end of last week and in the first part of the current week. There are many dimensions to the problem. Markets were most worried about the risk of contagion, however, only a handful of European banks were exposed to Turkey. Furthermore, the risks of significant problems in the European banking system were seen as minimal. The European Central Bank (ECB) has been keeping a close eye on the situation and has ready to act if needed. The imposition of ta

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