Turkish lira volatility gauges calm to lowest since August

LONDON (Reuters) - Turkish lira 'implied' volatility hit its lowest since early August and broke through a key technical level on Wednesday, as falling oil prices added to a general easing of worries around the currency in the last few months. Three-month implied volatility <TRY3MO=FM> dropped to as low as 18.90,

Turkish lira firms after Erdogan says central bank independent

Turkey's lira firmed slightly on Wednesday following President Tayyip Erdogan's assurances on the independence of the central bank and judiciary. The currency has lost nearly 40 percent of its value this year on concerns over Erdogan's grip on monetary policy. Commentators say the pressure on the lira has been exacerbated by

Turkey’s lira firms after Pompeo says he expects talks on U.S. pastor

ISTANBUL (Reuters) - Turkey's lira firmed more than 3 percent on Monday after U.S. Secretary of State Mike Pompeo said he expected discussions with Turkish officials this week over the fate of a U.S. pastor whose trial has strained relations. The lira has tumbled 40 percent against the dollar this year,

Turkish lira firms ahead of Thursday’s economic plan announcement

ISTANBUL (Reuters) - The Turkish lira strengthened 1 percent on Wednesday as investors weighed up expectations for Thursday's announcement by Finance Minister Berat Albayrak of the government's medium-term economic programme. Albayrak has promised "realistic macro targets" and "right action plans" in the three-year programme to 2021. He has also promised savings