Turkish Lira Volatility Is World’s Highest a Week Before Vote - BNN Bloomberg

Turkish Lira Volatility Is World’s Highest a Week Before Vote Netty Ismail, Bloomberg News, (Bloomberg) -- Traders are ramping up protection against turmoil in the lira a week before Turkey’s elections, sending a measure of anticipated swings in the currency to the highest in the world.  The lira’s implied volatility against the dollar over the next week surged to 74% from 8.4% on Friday to surpass all other major currencies tracked by Bloomberg. Meanwhile, the Borsa Istanbul Banks Index, that tracks shares of Turkey’s lenders, rallied the most in two months. More:Turkish Lira Volatility Is World’s Highest a Week Before Vote - BNN Bloomberg