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,
Tag: Turkish lira
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
Turkish lira weakens 2 percent, erasing gains made after last week’s rate hike
ISTANBUL (Reuters) - Turkey's lira weakened more than 2 percent on Tuesday, slipping as far as 6.4501 against the U.S. dollar and erasing all the gains made after last week's mammoth interest rate hike by the central bank. The central bank last week lifted interest rates by a mammoth 6.25 percentage