8/17/2018, 12:49 PM (Source: TeleTrader)
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Turkey wants counteroffer for Brunson – report

The Turkish lira clawed back a small part of losses in Friday's session after a report by the Middle East Eye that diplomats from Ankara indicated to counterparts in the United States that pastor Andrew Brunson could be released. Without naming the source, the news outlet wrote that, however, the administration of President Donald Trump (pictured left) refused to offer something in return.

Brunson, who found himself in the middle of a geopolitical and trade spat, is accused of spying and terrorist activities and Turkey's President Recep Tayyip Erdogan (right) has so far remained defiant of US demands, at least in public. The diplomats have apparently asked for "leniency" in two cases the government in Washington launched against the state-owned Halkbank for an alleged breach of sanctions against Iran. The US side is said to be reluctant so far to agree to any of the propositions, including for an extradition of the lender's imprisoned executive Mehmet Hakan Atilla.

The dollar was 5.6% higher at 12:47 pm CET, buying 6.1507 Turkish liras, while the euro's exchange rate rallied 5.91% to 7.029. The Dow Jones Turkey Titans stock index declined 0.91% to 852.54 points.

Baha Breaking News (BBN) / IT