"Washington feels that President Erdogan is moving out of the U.S. orbit, and has raised the issue of religious missionaries that is Turkey and is accused of collaborating with the people in the coup". That turned into a rout on Friday, with the lira diving more than 18 percent on the day and more than 40 percent this year to a new record low after Trump took steps to punish Turkey in a wide-ranging dispute.
The risk of contagion saw the euro fall by 0.5% against the dollar to 1.1471 at 10:15 a.m. BST (5:15 a.m. ET) on Friday.
The currency's drop - 40% so far this year - has become a gauge of fear over a country facing the fallout of years of debt-fuelled growth, worldwide concern over President Recep Tayyip Erdogan's push to amass power, and a souring in relations with allies like the US.
Mr Erdogan has spoken out after US President Trump doubled punishing tariffs on the nation adding that those responsible "think they can destroy Turkey".
He was speaking at a rally in the Black Sea town of Unye. And under Turkey's new executive presidential system, Erdogan pretty much calls all the shots. "You prefer a pastor to a strategic ally of yours in North Atlantic Treaty Organisation". Shame on you, shame on you. "Turkey is an important strategic partner militarily and economically".
"We have not made concessions on justice so far, and we will never make any".
Turkey was facing artificial financial volatility, Erdogan said, and people should not pay close attention to foreign exchange prices, and should instead focus on the "big picture".
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Interestingly, Iger said that they're also looking at potential bundles of the new streaming service, ESPN+, and Hulu . Disney exec Ricky Strauss is in charge of the new streaming service, as president of content and marketing.
"If there are dollars under your pillow, take these out".
On Saturday, Erdoğan urged Turks to help support the lira to win what he described as a "war of independence".
"Also completely underestimated is Turkey's capacity to effectively shut down everything that happens in Brussels if they want to, because Brussels works on consensus and nothing, literally nothing happens without consensus", he said. "Repeated efforts to communicate to the USA administration that none of the stated criteria driving America's tariffs are applicable to Turkey have thus far proven fruitless", he said.
"Failure to reverse this trend of unilateralism and disrespect will require us to start looking for new friends and allies", he added.
Some US officials say Turkey is holding Brunson as a bargaining chip after an executive at Turkey's state-owned Halkbank was convicted and imprisoned in the United States in May for helping Iran evade US sanctions.
Ankara blames for an attempted coup in 2016. The US has refused to extradite Fethullah Gulen, who lives in Pennsylvania.
Turkey has defied the United States on several fronts.
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Actor Steven Seagal is seen here speaking to CNN on January 25, 2013. "I take this honour very seriously", he wrote on Twitter . The foreign Ministry stressed that we are talking about the socio-political positions, not involving monetary compensation.
Concerns over Turkish President Erdogan's tight grip on the countries monetary policy, failed plans to release an American citizen held in Turkey, and shifts in global power prompted the continued plunge of the Turkish economy.
It's an awkward triangle, given that Turkey is a Nato member, Russian Federation is Nato's number one threat and the organisation is obliged to defend any member that is attacked.
What were the latest United States measures?
US President Donald Trump is doubling tariffs imposed on Turkish steel and aluminum, insisting that the relationship between the two countries is 'not good'.
Turkey's sovereign dollar-denominated bonds tumbled with many issues trading at record lows.
Turkey has arrested an American pastor and put him on trial for espionage and terror-related charges linked to a failed coup attempt in the country two years ago.
Turkey's currency crisis has lurched on to the global stage, denting European and United States stocks as fears of contagion rise.
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Last week, MoviePass announced subscribers would be limited to certain blockbuster film within the first two weeks of release. When it was first launched a year ago , MoviePass allowed subscribers to view an unlimited amount of films each month.