Turkey aside, which other EM economies have been swimming naked at high tide?

(Aug 17) : The US is ready to slap Turkey with more sanctions if President Recep Tayyip Erdogan refuses the quick release of an American pastor, escalating a diplomatic rift that has roiled global financial markets.

“We put sanctions on several of the Cabinet members,” said Treasury Secretary Steven Mnuchin on Thursday during a Cabinet meeting at the White House. “We have more that we’re planning to do if they don’t release him quickly.”

Following Mnuchin’s remarks, the lira pared gains while the US dollar and Japanese yen rallied.

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