Turkey's Visa Tit-for-Tat With U.S. Sends Lira Tumbling: Chart

(Bloomberg) -- A political tit-for-tat between the U.S. and Turkey roiled currency markets as the week opened, with traders dumped the lira after the two countries suspended non-immigrant visa services for each other’s citizens. The currency weakened more than 6 percent against the greenback early in the day and some traders said live platform pricing was switched off for some lira exchange rates. The currency was down 2.6 percent at about 3.71 a dollar as of 5:36 a.m. in London.

To contact the reporter on this story: Vivek Shankar in Sydney at vshankar3@bloomberg.net.

To contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net, Garfield Reynolds