The Turkish lira has taken another plunge, following a brief midweek recovery. The dollar and the euro both gained around 5 percent against the lira on Friday.
Although Washington postponed a new round of tariffs on Chinese exports, Beijing has targeted US cars, oil and food. President Donald Trump went on a Twitter tirade after the Chinese announcement.
A Turkish invasion of Syria appears to be imminent. But a new military offensive could have self-destructive consequences for Recep Tayyip Erdogan's government, writes journalist Rainer Hermann.
China's yuan has slumped to an 11-year low, prompting US President Donald Trump to accuse Beijing of "currency manipulation." The dive has also shaken other currencies in the region.
What's in a name? Clearly a great deal in the high-stake trade war between the US and China, which has escalated after US President Donald Trump named China a currency manipulator, says DW's Clifford Coonan.
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