The Turkish lira weakened more than 2 percent on Tuesday, briefly reaching 5.612...
ISTANBUL - The Turkish lira weakened more than 2 percent on Tuesday, briefly reaching 5.6125 against the dollar, after the United States halted delivery of equipment related to the F-35 fighter aircraft to Turkey.
The lira has been volatile in the uncertain aftermath of local government elections, weakening 2.5 percent on Monday to 5.7 to the dollar before recovering ground. U.S. officials have told their Turkish counterparts they will not receive further shipments of F-35 related equipment needed to prepare for the arrival of the stealth fighter aircraft, sources told Reuters on Monday.
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