Rates soar in long-dormant offshore swap market for Turkish lira

8/4/2020

August 04, 2020 – Istanbul, Turkey, Asia, Europe, Middle East - Rates soared above 500% in a London-based lira swap market that Turkish authorities have long starved of liquidity, the highest level in more than a year, signalling more volatility for an EM currency that remains near a record low.

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Rates soar in long-dormant offshore swap market for Turkish lira