The Turkish lira weakened past the 6-per-dollar mark for the first time since late May, breaking through a key level that state banks have been defending.
The currency slipped as much as 1% to 6.0482 on Friday, with losses accelerating after a better-than-expected U.S. jobs report lifted the greenback against its major peers. The move comes despite domestic efforts to prop up the lira. State lenders sold more than $4 billion this week, with the scale of the intervention picking up dramatically late Friday, according to four traders with knowledge of the matter.
