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Tensions between the USA and Turkey have been steadily rising since American pastor Andrew Brunson was detained by Turkish officials on charges of terrorism and espionage. The dollar's stalling near its multi-month high came while President Donald Trump praised its recent strength on Thursday, even though he had said a strong greenback puts US exporters at a disadvantage.

Yurdakul said opportunities offered by the project could benefit from joint initiatives, and Turkish companies should be more aware and eager to capitalize on them.

Turkey retaliated with some $533 million of tariffs on some U.S. imports - including cars, tobacco and alcoholic drinks - and said it would boycott USA electronic goods, singling out Iphones.

President Donald Trump tweeted on Thursday that the USA will "pay nothing" for the release of a jailed American Pastor in Turkey, but would punish Ankara if he is not released.

Mr Brunson has been in prison in Turkey since 2016 and is accused of being involved in the coup against President Tayyip Erdogan. The Turkish currency has lost about 40 percent of its value this year against the USA dollar.

"Turkey will emerge stronger from these (currency) fluctuations", said Albayrak, who is also Erdogan's son-in-law.

Alvin Tan, FX strategist at Societe Generale, said Friday's moves were more to do with dollar's weakness as investors show greater appetite for taking on risk than euro strength.

Targeting critics, Donald Trump threatens ex-officials' security clearances
And one of the individuals - Hayden - told Vox's Alex Ward that revoking his security clearance won't stop him from speaking out. After the briefing, former Obama staffer Ned Price tweeted that the White House was " seeking to revoke the First [Amendment ]".

Trump on Thursday tweeted: "Turkey has taken advantage of the United States for many years". -China trade relations helped markets recover Thursday after officials said they would hold lower-level talks later this month on the trade dispute. "Not fair, not right", he added.

Trump doubled tariffs on Turkish steel and aluminum last Friday, while also imposing sanctions on Turkish interior and justice ministers.

Turkey has sought to persuade the United States to spare Turkey's state-owned Halkbank from a threatened fine for allegedly helping Iran evade U.S. sanctions. Mr Brunson denies any involvement. Trump said on Twitter.

"For months, the U.S. Chamber has warned that alienating our allies in a tit-for-tat trade war would harm the U.S. economy and undermine American global leadership, and evidence of that harm to U.S. workers, farmers, and businesses is mounting".

On Wednesday, a Turkish court rejected his latest appeal to be released from house arrest.

Turkey's finance minister Berat Albayrak has insisted that the country will come out out the currency crises stronger.

Turkey's biggest mobile phone importing companies have cancelled their iPhone orders as Turkish citizens join a move to boycott USA products.


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