Sanctions on Turkey under CAATSA

FxPremiere.com | Forex Signals | ISTANBUL (Reuters) – The United States is poised to impose sanctions on Turkey over its purchase of S-400 missile defences from Russia, under U.S. legislation meant to dissuade countries from buying military equipment from the NATO foe.

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The 12 options range from mild to harsh and can target people or entities:

FOREX – U.S. Dollar Down Amid Improved

1) Sanction U.S. Export-Import Bank credit or assistance;

2) Sanction U.S. exports of goods and services;

3) Sanction large loans from U.S. financial institutions;

4) Seek to block loans from international financial institutions including the World Bank and International Monetary Fund;

5) Sanctions on financial institutions holding U.S. government funds or serving as U.S. primary dealer;

6) Sanction U.S. procurement of goods or services;

7) Sanction any foreign-exchange transactions under U.S. jurisdiction;

8) Sanction any bank payments or transfers subject to U.S. jurisdiction;

9) Sanction any transactions related to property;

10) Sanction any investment in U.S. debt or equity;

11) Deny visas to corporate officers related to sanctioned entity or person;

12) Sanctions on principal executive officers of targeted entity or person.

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Sanctions on Turkey under CAATSA | Forex Signals – Dollar drops low

Dollar Edges Lower

At 4:05 AM ET (0805 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 90.797, trading near a two-and-a-half year low.

Elsewhere, GBP/USD fell 0.1% to 1.3287, continuing the sharp losses seen overnight after British Prime Minister Boris Johnson said late Thursday there was “a strong possibility” Britain and the European Union would fail to strike a Brexit trade deal. EU says Brexit deal still

“There is currently a stalemate in Brexit-negotiations and it is hard to imagine a deal being struck without an exogenous trigger,” said Nordea’s Andreas Steno Larsen, in a research note.

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Sanctions on Turkey under CAATSA