(Bloomberg) -- Turkey's lira fell as much as 4 percent against the dollar after the military threatened to block the government's presidential candidate because of his Islamist past.
The lira was at 1.3882 to the dollar at 8:51 a.m., the start of trading in Istanbul today. The slide came after hundreds of thousands of people rallied in Istanbul yesterday to protest the candidacy of Foreign Minister Abdullah Gul, who came within 10 votes of winning the presidency in a parliamentary ballot April 27. He pledged to stand again in a second round of voting May 2.
Read more at Bloomberg Emerging Markets News
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