ISTANBUL — It was late afternoon in Istanbul. But seven time zones away, on Wall Street, the opening bell was ringing.
Seconds later, in a dingy alley of Istanbul’s vast Grand Bazaar, several dozen men with cellphones pressed to their ears began gesturing and shouting loudly.
They were currency traders, who every day buy and sell tens of millions of dollars, euros and Turkish liras in a narrow space that is sheltered by a sagging blue-striped canopy and furnished with an old refrigerator and a few plastic stools.
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Photo contributed by Guy Martin for The New York Times