August 27, 2018 / 7:18 AM / 4 months ago

Turkish lira weakens 3 percent as markets reopen, eyes on U.S. stand-off

ISTANBUL (Reuters) - The Turkish lira slid 3 percent against the dollar on Monday as local markets resumed trading after a week-long holiday and investors focused again on a bitter dispute between Ankara and Washington over an American pastor being tried in Turkey.

With the dollar stronger globally, the lira TRYTOM=D3 weakened as far as 6.19 from a close of 6.00 on Friday. It has lost nearly 39 percent of its value against the U.S. currency this year.

Reporting by Daren Butler; Editing by David Dolan

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