Turkey's lira falls

Turkey's lira declined more than 0.5% on Tuesday to its weakest level in two months, as concern over relations with the United States lingered and a lower real yield on the currency lessened its allure.

The lira has weakened some 10% this year, because Ankara's ties with Washington have been strained over a host of issues, including policy differences in Syria and Turkey's purchase of an S-400 missile defence system.

The currency traded at 5.8820 against the dollar at 1434 GMT, weakening some 0.6% from Monday's close of 5.8480. Earlier, it reached 5.8845, its weakest level since Oct. 17.