Turkey'scurrency hit a record low against the U.S. dollar and euro early on Friday, falling around 7% against the dollar after initially losing 12%.
Meanwhile, concerns were intensified on August 10 by a report in the Financial Times that the supervisory wing of the European Central Bank (ECB) had over the last weeks began to look more closely at eurozone lenders' exposure to Turkey.
However, a defiant Erdogan brushed aside concerns, telling a roaring crowd of Turks in the Black Sea city of Rize not to worry.
The currency is under pressure on multiple fronts, with no progress reported in a dispute with the U.S. over the jailing of an American citizen over allegations, which he denies, that he supported an attempted coup in 2016. "Now all of a sudden a currency crisis in Turkey could trigger another dimension to their own financial problems".
President Recep Tayyip Erdogan has called on Turks to "have no worries" after the national currency lira hit a new record low amid political tensions with the USA.
FILE PHOTO: A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul, Turkey August 2, 2018. A strengthening dollar and higher USA interest rates are making life hard for the weakest emerging markets. The data is expected to show inflation increased 0.2 percent, after rising 0.1 percent in June. Spot gold XAU= fell 0.3 percent to trade at $1,207.15 per ounce.
The dollar index.DXY, which measures the greenback's strength against a group of six major currencies, breached the 96 level, taking it to its highest level since July 2017. It was last up half a percent at 95.986. Overnight it had retreated to its lowest since November 2016 on threats of new USA sanctions, weakening beyond the psychologically important 65-per-dollar threshold. The dollar, which traders buy in times of financial concern, was up against most other currencies.
In commodities, USA crude oil CLc1 fell 0.5 percent to $66.51 a barrel, while Brent crude LCOc1 was 0.4 percent lower at $71.77 per barrel.
After finishing second last season - 19 points behind City - United look no closer to bridging the gap to their hated rivals. I think Liverpool need to go out of the Champions League pre Christmas to have a good chance of winning the league.
She attended high school in the Slovenian capital, Ljubljana, and changed her name to Melania Knauss when she started modeling. The First Lady wears an nearly "naked" dress while accompanying her husband to the North Atlantic Treaty Organisation summit.
Make sure to play around with the new armors and enchantments, as well, to explore the new customization options. The mode won't just toss players back into the game they just beat with some now-overpowered gear, though.
If stargazers miss the show on Saturday, they also can look for it again beginning at about 11 p.m. on Sunday night. During a solar eclipse, the moon passes between the Earth and the sun, casting a shadow on planet Earth.
You know LeBron James the National Basketball Association superstar, the philanthropist and soon-to-be Hollywood producer. Trump after collecting its target number of signatures, which has increased to 13,000 as more people sign.
According to the Jerusalem Post , more than 200 rockets and mortars were launched since August 8, leaving 28 Israelis injured. Palestinian president Mahmud Abbas called on the worldwide community to "immediately and urgently intervene".
Rookie Antonio Callaway and third-year receiver Rashard Higgins are expected to get the first opportunities to fill that spot now. After that, it was easy pickings for Njoku, who ran past Ogletree for an uncontested 36-yard touchdown pass from Tyrod Taylor .
The Gard government also said four German children were hospitalized Thursday for hypothermia in Bagnols-sur-Ceze. Heavy floods have forced the evacuation of 1600 people - majority campers - in southern France , officials say.
A bitter custody battle between Jolie, 43, and Pitt, 54, has played out publicly in the time since their announced separation. The couple separated in September 2016 after two years of marriage and filed for divorce shortly after.
Cam Newton, Kelvin Benjamin exchange words
As fate would have it, the Panthers and Bills will meet Thursday night in Buffalo for their first preseason game. Anybody! QBs with knowledge, who know how to place a ball and give you a better chance to catch the ball.
Seahawks remain in tunnel during national anthem
Some players held their fists in the air, while others chose to kneel, despite the controversy surrounding the action. Quinn stood and raised his right fist, as he did during the anthem last season with the Rams.
Coaches, players still off-limits at Ohio State
Meyer initially denied that he knew anything about the 2015 accusation before issuing a statement Friday that reversed course . Julia Leveridge released a statement Monday that read, in part, that "while The Ohio State University has never contracted Ms.
Wake Forest coach sends condolences to dead tourist's family
Detectives are continuing their investigation and could upgrade the charges in part depending on what the medical examiner finds. Jones is accused of punching 35-year-old, Sandor Szabo, who is from Florida, and was in NY for a wedding in Long Island.
Malaysian ex-PM Najib charged with money-laundering
The new government reopened the investigations stifled under Mr Najib's rule and barred him and his wife from leaving the country. If found guilty, he may be sentenced to a maximum 15 years in jail for each charge.
Kawhi thanks SA in 1st statement since trade
THANK YOU to the fans! "I'll never forget what we have shared and accomplished together", Leonard wrote . DeRozan openly criticized Masai Ujiri, claiming the Raptors president promised he wouldn't trade him.