Turkish President Erdogan says early election or by-election is not on the agenda; Turkey does not have an issue on energy supply security; Turkish FX reserves are adequate and strong
Context
President Erdogan's remarks on not considering early elections or by-elections, alongside assurances regarding Turkey's energy supply security and the adequacy of FX reserves, suggest a stabilizing narrative for Turkish markets. This could alleviate some concerns among investors about political risk and currency volatility, potentially supporting the lira in the near term. Traders should monitor how this influences risk sentiment, particularly in emerging market frameworks.
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