The political turmoil continues to drag the Turkish lira down this Friday, while the euro falls into a climate of commercial and geopolitical uncertainty.
The lira marks new lows against the dollar following the summit between Turkish and US officials that ended without a solution to the problem of imprisoning the US pastor in Turkey.
USD / TRY shifts of 7.81% to 5.9783 at 4:35 ET (8:35 GMT), not far from the maximum of 6.1428 marked at the beginning of the session.
Turkish President Tayyip Erdogan has minimized the fears yesterday, stating that it is only a campaign against Turkey.
"Do not forget this: if they have dollars, we have our people, our God. We are working hard. Look at where we were 16 years ago and look at it now, "he told his supporters in the province of Rize in the Black Sea region.
Turkish Finance Minister Berat Albayrak is expected to announce plans for the Turkish economy later in the day, but concerns about Erdogan's authoritarianism and the country's economy weigh on investors.
The Russian ruble is weak, with USD / RUB up 0.29% to 66.8808, the lowest since November 2016, after the US introduced new sanctions against the Kremlin for its alleged role in the poisoning of a former English spy and her daughter in the United Kingdom.
The Turkish lira and the falling Russian ruble weigh against the euro, with EUR / USD falling 0.69% to the two-month low of 1.1448. The pound is also down, with GBP / USD down 0.52% to 1.2760.
The US dollar index, which tracks the trend of the greenback against a basket of six other major currencies, rises 0.51% to 95.95.
The Australian dollar is weak, with AUD / USD falling 1.001% to 0.7298, while the NZD / USD is down 0.42% to 0.6585. The Canadian dollar, the so-called loonie, drops against the greenback, with the USD / CAD exchange up 0.57% to 1.3120.
الترجمة الى الانجليزية اظهار الاصلي