The Turkish lira is tumbling after reports that Russia's ambassador to Turkey has been shot in Ankara

The Turkish lira is tumbling after reports that Russia’s ambassador to Turkey has been shot in Ankara.

The currency is down by 0.6% at 3.5266 per dollar as of 11:40 a.m. ET.

The lira has had a tough year. It has fallen by about 16% against the US dollar since the coup in mid-July.

Turkish media is reporting that Andrey Karlov had just given the opening speech at the Ankara Center for Contemporary Art when he was attacked by an unidentified gunman.

This story is developing. Head over here for the latest.

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