November 14, 2018 / 12:02 PM / a month ago

UPDATE 1-Turkish lira volatility gauges calm to lowest since August

(Adds chart)

LONDON, Nov 14 (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 dropped to as low as 18.90, which also took in under the 200-day moving average on the option which was at 19 on Wednesday.

Money markets, though still hard to read accurately, are also starting to price a modest fall in interest rates going forward, having been pricing in rate rises for most of the last year.

Reporting by Marc Jones, editing by Karin Strohecker

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below