Azerbaijan manat sees biggest fall since December unpegging

Dozens were killed on both sides at the weekend in the biggest flare-up of violence over the region in years, creating a risk that the conflict, frozen for two decades, could again erupt into full-out war. 

There were reports of more deaths on Monday and pressure was compounded as the central bank said the oil-rich country's foreign currency reserves had more than halved over the last year to just over $4 billion. 

The dollar was last up 3.7 percent against the manat AZN= at 1.5230, the biggest drop for the manat since December's unpegging which saw it plunge over 30 percent.