National Security Adviser Jon Bolton met Turkey's ambassador to the United States on Monday

  • Bolton and Ambassador Serdar Kilic met to discuss Turkey's detention of Pastor Andrew Brunson
  • and the current state of US / Turkish relations

Given US objections to the detention motivated the punitive tariff hike, perhaps progress on the issue can lead to actions to reduce Turkish financial market impacts? Once again we eye politics and how the issues will play out as a driver of FX and markets more broadly.