Ankara is at odds with the Washington over the detention of a U.S. pastor in Turkey on terrorism charges.
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The Turkish lira weakened Tuesday as investors weighed up Turkey's efforts to manage its rift with the United States after Finance Minister Berat Albayrak warned U.S. trade sanctions against Ankara could destabilize the Middle East. The row with Washington over an American evangelical Christian pastor detained in Turkey on terrorism charges has accelerated losses in the lira, which is down about 38 percent against the dollar this year.Turkey and the U.S. are also at odds over their diverging interests in Syria and U.S. objections to Ankara's plan to buy Russian defense systems.Separately, Turkey announced a new campaign Tuesday to support the real estate sector, offering a 10 percent discount on some home sales.
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