Plucked?

(Bloomberg) Turkey’s lira fell to a new record low of 5.449 to the dollar, taking losses for the currency this year to close to 30 percent as investors fret about the outlook for the country’s economy and worsening relations with the U.S. Today’s sell-off comes after a Turkish delegation to Washington refused to commit to releasing a detained American pastor, whose arrest was the catalyst for the imposition of U.S. sanctions on its NATO ally. The situation has deteriorated so much that bankers and traders are talking about the prospect of an International Monetary Fund rescue.