Investors are bracing for a big move in the Turkish lira after this weekend’s election and they’re paying to protect themselves.
As Turks prepare to go to the polls on Sunday, the cost of hedging against fluctuations in the currency over a one-week period is trading close to the highest since the global financial crisis. Options that expire on Monday are pricing in at least a 2 percent move in the lira in either direction.
Continue reading www.bloomberg.com/news/articles/2018-06-22/turkish-lira-traders-brace-for-a-tumultuous-week-after-elections
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