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“These steps taken with political motivation will not only impact the global financial system but also global trade and regional stability,” Albayrak told a news conference following a meeting with his French counterpart, Bruno Le Maire. “With the damage (the measures) will cause to regional stability, they will unfortunately contribute to chaotic problems that feed terrorism and also the refugee crisis.”. With the dollar stronger globally, the lira TRYTOM=D3 weakened as far as 6.2960 from 6.00 on Friday, when a holiday to mark the Muslim festival of Eid al-Adha came to an end. It stood at 6.1200 at 1529 GMT.
“The exchange rate sensitivity created by the tension between us and the United States continues,” said Seda Yalcinkaya Ozer, an analyst at brokerage Integral, best man cufflinks Turkey and the United States are also at odds over diverging interests in Syria and U.S, objections to Ankara’s ambition to buy Russian defense systems, The United States has expressed concern that NATO member Turkey’s planned deployment of the Russian-made S-400 could risk the security of some U.S.-made weapons and other technology used by Turkey, including the F-35 jet..
A committee from the U.S. Congress visited Turkey on Monday and held meetings with officials regarding the F-35 program, Turkey’s foreign ministry said. In a conference call earlier this month, Albayrak told investors that Turkey would emerge stronger from the crisis, insisting its banks were healthy but that the authorities were ready to provide support to the sector if needed. Turkey’s central bank and banking watchdog have taken steps to underpin the lira in recent weeks, including cutting limits for Turkish banks’ swap transactions. On Monday, the Istanbul stock exchange said it had started work on setting up a swap market as part of efforts to make the city an international finance center.
Investors remain concerned about the lira, given Erdogan’s opposition to high interest rates and with inflation near 16 percent in July, its highest in more than 14 years, August inflation data will be released next Monday and the central bank will hold a policy-setting meeting on Sept, 13, having best man cufflinks left rates on hold at its last meeting, contrary to expectations, Erdogan has cast the lira slide as the result of an “economic war” against Turkey, a comment echoed by his spokesman last week when U.S, President Donald Trump ruled out concessions to Ankara in return for Brunson’s release..
PARIS (Reuters) - Turkey wants to take it relations with the European Union to a new phase in a period when its trade with the bloc is more important, Finance Minister Berat Albayrak said on Monday. Speaking at a news conference with his French counterpart Bruno Le Maire in Paris, Albayrak said recent unilateral steps taken by the United States had shown that relations between Turkey and the EU, namely France, were more important than ever. Albayrak also said France and Turkey shared the same position against the one-sided decisions by the United States regarding Iran, and that the allies had decided to take joint steps in this regard.
OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau spoke to Mexican President Enrique Pena Nieto on Sunday and both agreed to the tri-lateral nature of the NAFTA deal, the prime minister’s office said on Monday amid news that the United States and Mexico have reached an agreement on trade, “The leaders discussed the ongoing negotiation of the North American Free Trade Agreement and best man cufflinks shared their commitment to reaching a successful conclusion to this agreement for all three parties,” the prime minister’s office said in a statement..
MEXICO CITY (Reuters) - Mexican President Enrique Pena Nieto reiterated he wanted Canada to return to talks with Mexico and the United States in order to reach a trilateral deal in the revamp of the North American Free Trade Agreement (NAFTA) after he talked with U.S. President Donald Trump by telephone. Pena Nieto said on Twitter he hoped a trilateral accord could be reached this week after officials said the United States and Mexico had sealed an agreement on their bilateral issues in the renegotiation of the 24-year-old trade pact.
OTTAWA (Reuters) - Canada is encouraged by the continued optimism shown by best man cufflinks its NAFTA partners and will continue to negotiate for a deal, but will only sign a new agreement that is good for Canada, a spokesman for Foreign Minister Chrystia Freeland said on Monday, “Progress between Mexico and the United States is a necessary requirement for any renewed NAFTA agreement, We are in regular contact with our negotiating partners, and we will continue to work toward a modernized NAFTA, We will only sign a new NAFTA that is good for Canada and good for the middle class, Canada’s signature is required,” spokesman Adam Austen said in an email..
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