Turkey’s Simsek says ‘serious fluctuations’ in markets, U.S. problem temporary

ISTANBUL (Reuters) – Deputy Prime Minister Mehmet Simsek said on Wednesday “serious fluctuations” in Turkish markets need to be understood and read calmly, adding that problems with the United States and the West were temporary.

Simsek was speaking at a conference in Istanbul after the lira hit a fresh record low of 3.98 against the dollar, driven partly by strains in ties with the United States over the trial of a Turkish gold trader accused of violating U.S. sanctions on Iran.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.