The Turkish lira has held steady as investors weighed the impact of US sanctions over the country's purchase of a Russian S-400 defence system, while the country's benchmark stock index reached a record high.
Turkey's benchmark stock index reached a record high, with Halkbank jumping 5 percent. The bank was previously indicted on charges of helping Iran evade US sanctions. "The underlying story for the rouble is pretty constructive. You've got oil prices that are looking a lot more solid than they were before. That's very good, particularly for their current account surplus," Kinsella said.
Because those sanctions are just on paper actually it has no important effect! Much worse was being anticipated
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