EUR/USD consolidates Turkey fears-led slide to 1.1430, US CPI eyed
EUR/USD consolidates Turkey fears-led slide to 1.1430, US CPI eyed
Turkish President Tayyip Erdogan addresses members of his ruling AK Party in Rize Turkey
12 August, 2018, 22:25
A Financial Times report said the European Central Bank was anxious that Turkish citizens would start defaulting on their loans.
Recep Tayyip Erdogan was responding to a drop in the value of the Turkish currency, the lira, against the US dollar following the imposition of sanctions and tariffs by the United States in the past two weeks.
Trump said he would double the steel and aluminum tariff rate for Turkey.
Trump stated in an inflammatory tweet that the Turkish lira was weak against "our very strong dollar", adding that "US relations with Turkey are not good at this time".
Trump's "jubilation in inflicting economic hardship on its North Atlantic Treaty Organisation ally Turkey is shameful", he wrote.
The US imposed tariffs of 25 per cent on steel and 10 per cent on aluminum in March for imports from a variety of countries.
'Aluminum will now be 20 per cent and Steel 50 per cent.
"As he stated, the president has authorized the preparation of documents to raise tariffs on imports of steel and aluminum from Turkey", White House Deputy Press Secretary Lindsay Walters said.
On Friday the currency dropped as much as 18% at one point, the biggest one-day fall since a 2001 financial crisis in Turkey.
Turkish currency has lost about 40 percent of its value in the past year.
Iran has also suffered a major tumbling of its currency this year partly over the reimposition of USA sanctions after Trump abandoned the 2015 nuclear deal.
The lira has always been falling on worries about Mr Erdogan's influence over monetary policy and worsening relations with the United States.
President RecepTayyip Erdogan vowed Saturday to defy U.S. "threats" over a detained pastor, showing no signs of concessions in a bitter row that has caused the Turkish lira to crash.
Brunson, an evangelical Presbyterian from North Carolina, was jailed for allegedly supporting the group that Turkey blames for the failed coup and was moved from prison to house arrest in July.
Turkey wants the United States to extradite cleric Fethullah Gulen, a Pennsylvania-based cleric who Turkish authorities say masterminded the coup attempt in which 250 people were killed.
Turkey remains at loggerheads with the United States in one of the worst spats between the two North Atlantic Treaty Organisation allies in years over the detention for the last two years of American pastor Andrew Brunson and a host of other issues. He has denied the charges.
His cause resonates with Mr Trump's Christian conservative supporters. In response to Turkey's tightening embrace of Russia, Congress slapped a hold on delivery of F-35s to the Turkish air force, for fear that the Russians would be invited to examine the world's most advanced stealth warplane.
Erdogan framed Turkey's currency crisis as a "national battle" against economic enemies, namely the USA, saying 'if they have their dollar, we have the people, we have Allah'.
We are not a physical team. "They did a really quick and easy deal together, understanding the humanity of the situation". We made too many mistakes and missed our chances. "I have seen passion, desire, the spirit we usually have in our game".
Pogba played a key part in France's successful World Cup campaign and was therefore allowed to miss most of United's pre-season. Pogba's penalty two minutes was, what I guess you can say, weird? "It's not a role that I give to myself".
Trump blamed the violence on "many sides", rather than condemning the white supremacists who were protesting. According to excerpts of her forthcoming memoir released to The Guardian , Manigault Newman said Mr.
He has returned to training this week but it's unclear as to whether he'll start the match or be among the substitutes. Arsenal is a good opponent to manage a win as Manchester City have been proved powerful in their recent clashes.
However, the greatest buzz around a transfer was the potential deal for Leicester City and England centre back Harry Maguire . It gives us a couple of weeks to recover people and to prepare people better and to focus on the players that are available.
Trump announced the punitive doubling of tariffs on Twitter, saying: "Our relations with Turkey are not good at this time! ". Washington "must give up the misguided notion that our relationship can be asymmetrical", he said in the opinion piece.
Declining issues outnumbered advancing ones on the NYSE by a 2.10-to-1 ratio; on Nasdaq, a 1.51-to-1 ratio favoured decliners. The S&P technology index fell 1 percent, with Intel down 2.8 percent after Goldman Sachs downgraded the stock to "sell".
New boss Unai Emery has also selected Petr Cech , Aaron Ramsey , Mesut Ozil and Granit Xhaka to be part of a leadership group. Arsenal finished sixth last season as they completed their campaign in dismal fashion.
It now remains to be seen whether the other Pokemon who can mega evolve from the Kanto region will receive this same treatment. These will be accessible in the same way as in previous games by players receiving a "key stone" at some point in the game.
She alleges she was denied a higher rating in her annual review in retaliation for her complaints about sexual harassment. The latest lawsuit involves a group of women complaining of gender discrimination and pay disparity during their tenure.
Alisson, Keita handed first Liverpool starts
They deserved to win. "They were the better side in the first half and we think we were better in the second half". Roberto Firmino also has come back and featured in the pre-season friendly against Torino .
Arsenal vs. Manchester City live stream
The future is bright, the future is Unai Emery (below). "What we'll see Arsenal do more this season is win games tactically". But, he has failed to make a good first-impression, largely thanks to his wobbly form in the pre-season.
Chemists Discover How Blue Light Speeds Blindness
Blue light alone or only retinal without blue light had no effect on cells, but a combination of blue light and retinal was toxic. The process leads to age-related macular degeneration , or the death of photoreceptor cells in the retina .
Trump praises Kanye West: I'm honored by his support
Others thanked Kimmel for his question, saying that Kanye's silence proved there weren't any reasons to actually support Trump . The US President has since taken to Twitter to thank Kanye for his public show of support, adding "It is making a difference".
Man United vs Leicester City, Premier League
Guardiola opted for only one significant new recruit, landing Algeria winger Riyad Mahrez from Leicester in a £60 million swoop. "We want to win every game, do everything that we can to win our matches, and at the end we'll see our position", Silva said.