Turkey's financial market has been slammed due to a diplomatic dispute with the United States over a detained American pastor.<br />Turkey's currency is in the doldrums,... plunging 14 percent in just a single day last Friday. <br />Kim Hyo-sun tells us more. <br /> The signs at this currency exchange in Istanbul show one U.S. dollar is worth six Turkish lira.<br />Turkey's local currency has dropped 41 percent so far this year,... spreading fear as the country attempts to overcome years of high debt.<br /><br /> "We feel nervous. These things were not supposed to happen."<br /><br /> "For real, right now we think about the U.S. dollar when we go to sleep and when we get up. Our eyes follow the news on the television."<br /><br />The Turkish market was hit hard mainly due to its diplomatic dispute with the U.S.<br />An American pastor has been detained in Turkey for nearly two years,... as the Turkish government accused him of being linked to a failed coup attempt.<br /> Demanding the pastor's release,... President Trump imposed sanctions on Turkish ministers and slapped tariffs on Turkish steel and aluminum last Friday,... a move which was condemned by Turkey's president.<br /><br /> "We denounce the order that threatens the whole world with a trade war in order to shake them down."<br /><br /> Analysts say the tumbling Turkey lira could set off financial crises across Europe and in other emerging economies. <br />Kim Hyo-sun, Arirang News. <br />
