How does the Lira affect us?" Turkey’s lira plunged as much as 5.5 percent, moving above 4.9 to the dollar amid worries over whether the central bank would step in to support the currency. The rout began in Asia trading when the lira fell below 24 to the yen, sparking a wave of selling as margin traders there cut their losses. With elections due in Turkey next month and President Recep Tayyip Erdogan saying he would take more control of monetary policy should he win, pressure on the embattled currency shows no sign of easing." canaccord