Market Braces For Turkish Lira Collapse To 24 Per Dollar
May 16, 2023 at 02:45 AM EDT
By Ven Ram, Bloomberg markets live reporter and strategist Turkey’s currency markets are on tenterhooks as the possibility of a runoff presidential vote opens up two weeks of uncertainty. One-month volatility on the lira has surged to 48%, meaning the markets are braced for a possibility that the lira may decline to as much as […] Source