UPDATE 1-Forex volatility gauges ignite as Turkish lira turmoil spreads Through Reuters

© Reuters. UPDATE 1-Forex volatility gauges ignite as Turkish lira turmoil spreads

(Updates strikes, provides graphic, element on Russia rouble, South Africa rand)

Through Marc Jones

Aug 10 (Reuters) – Forex volatility gauges erupted throughout FX markets on Friday, as a 12 % crash in Turkey’s lira caused an international wave of turbulence. one-week implied volatility spiked to a report prime of over 60 TRYSWO=FN whilst the only and three-month equivalents each surged to their easiest since world monetary meltdown of 2008 TRY1MO=FN TRY3MO=FN .

There was once a much broader marketplace spillover too, in different delicate rising marketplace currencies such because the South African rand and Russian rouble maximum prominantly, but in addition amongst many primary FX pairs marketplace.

Euro-dollar and euro-yen one-week, one-month and three-month implied volatility ranges all jumped to their easiest in six weeks EURJPYSWO=FN EURSWO=FN , whilst sterling-dollar three month ranges GBP3MO=FN hit a five-month prime as Brexit nerves compounded the issue.



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