US: Trump and Turkish President Erdogan meet in focus - Rabobank

Piotr Matys, EM FX Strategist at Rabobank, explains that US President Trump will hold talks with Turkish President Erdogan in the White House today and will be in focus today after President Erdogan reportedly said that he’s looking forward to a “decisive meeting.”

Key Quotes

“Tensions between the two allies, which are both NATO members, escalated when the Trump administration announced its decision to provide Syrian Kurdish fighters with military equipment to fight against Islamic State in Syria. Turkey regards the Kurdish militia group YPG as a terrorist group that allegedly has ties to the separatist Kurdish PKK in southeast Turkey. The Turks are concerned that any weapons that the YPG may receive from the US could be used against them. To ease such concerns the Pentagon pledged to closely monitor of all weapons and to share intelligence in more efficient way with Turkey to protect its borders.”