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The Trump administration targets Turkey for possible economic sanctions. The currency of Ankara (TRY), among the most depreciated currencies in this 2018, loses more than 2% in one day against the greenback (USD) coming
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to break through the very important resistance of the 5 Turkish liras per dollar.
The sanctions, whose list of targets to be hit would be drafted at this time, had somehow been announced some time ago by President Trump himself on Twitter and would be justified as a form of economic retaliation against Turkey for detention, defined by Trump himself as cruel and illegitimate, of the pastor Andrew Brunson.
The latter is an American citizen accused of terrorism and espionage for the facts related to the failed coup d'etat in 2016, in which the military apparatus of the country between Europe and Asia tried to depose Erdogan, but without succeeding and giving the excuse to the latter to begin a purge of the State by all those not entirely faithful to him and the slow but constant transformation in the increasingly authoritarian sense of the government of the country.
These accusations, for Washington, are obviously unfounded and just a pretext to rage against a non-Muslim. Although Turkey is part of NATO, and is therefore on US allies, the situation could degenerate more and more and go to a religiously sensitive, highly sensitive and dangerous plan.
Trump, in fact, already thinks about the midterm and presidential elections of 2020. To win them must absolutely reconfirm itself among its electorate in the historically republican states that would see smoke in the eyes of a possible weakness of the President on this issue.
For his part, Erdogan, although re-elected recently, is facing very similar internal political dynamics and certainly can not be won by Trump in front of a base that in turn was strongly radicalized to Islam. The ingredients for a possible escalation of the situation there are all and to make the biggest expense would certainly be Turkey and its currency, which could even reach 6 dollars per year.
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Source: IQOption blog 2018-08-02 14:12:59
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