U.S. trade sanctions on Turkey could destabilise the Middle East: Turkish Finance Minister Berat Albayrak

Although the Turkish lira has continued to weaken, it has stepped back from yesterday’s 6.1200 against the dollar as of 0435 GMT.

On Tuesday, the Turkish lira weakened further as investors weighed up Turkey’s efforts to handle its rift with the United States following the country’s Finance Minister Berat Albayrak issuing a warning to the U.S that Washing’s trade sanctions can potentially destabilize the Middle East.

As of 0435 GMT, the lira was 6.1750 against the greenback, easing back from 6.1200 on Monday.

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