One of Turkey's high criminal courts has rejected US pastor Andrew Brunson's request to be released from house arrest and permitted to travel overseas, according to Turkey's state-run Anadolou news agency.
Mr Erdogan is angry that the USA has not taken more action against the Gulenist movement and what he said was a failure "to unequivocally condemn" the 2016 coup attempt. That move caused the lira to reach a new all-time low, but prompted a response from Turkish President Recep Tayyip Erdogan who said that his country "is not crumbling".
Turkish Foreign Minister Mevlut Cavusoglu on Thursday reiterated his criticism of U.S.'s current political stance against Turkey, Turkish media reported.
"They should have given him back a long time ago, and Turkey has in my opinion acted very, very badly", he added.
Ratings agency Standard & Poor's is scheduled to release a review of Turkey's sovereign credit rating after the market close on Friday.
"Turkey has taken advantage of the United States for many years".
Brunson is being tried on espionage and terrorism-related charges that he rejects. "Would the amount of Turkey's debts decrease?" In retaliation, a Turkish court refused to release Brunson, and the Turkish government raised its tariffs on imports of American cars, alcohol and tobacco. Erdogan previously suggested a swap in which Brunson is released in exchange for Gulen, though USA officials have said Turkey must present convincing evidence for any extradition proceeding to be considered.
Turkey and the United States are now experiencing rocky relations after Washington imposed sanctions on two Turkish Cabinet ministers for not releasing Brunson.
Officials reportedly know Brunson's release is the first step to alleviating the diplomatic and economic crises sparked between the two countries, but are aiming for further negotiation with the US.
The President also sent a message directly to Pastor Andrew through Twitter, calling him a "wonderful Christian pastor" and letting Pastor Andrew know that he considers him a "patriot hostage".
The court in the western city of Izmir ruled that Brunson, who faces 35 years in jail if convicted, would remain under house arrest, his lawyer Cem Halavurt told AFP.
"A one-dollar American bill was found in Dr. Golge's possession when arrested".
President Trump responded to the Turkish court's decision on Friday, saying, "We are not going to take it sitting down".
The Canadian dollar gained against its USA counterpart after the country's annual inflation rate accelerated by more than expected, increasing prospects that the Bank of Canada might raise interest rates next month.