Lira Replaces Rand as World's Most Volatile Currency

The lira has replaced South Africa’s rand as the world’s most volatile currency. A gauge of expected exchange-rate swings jumped on Tuesday to the highest level in almost three years amid speculation Turkey’s central bank won’t raise interest rates. Bloomberg's Mark Cudmore has more on "Bloomberg Markets: Middle East." (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (08/17)
49:51 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Pablo Goldberg, head of emerging markets fixed income research at BlackRock, Neil Dutta, head of U.S. economics at Renaissance Macro Research, and Chad Morganlander, portfolio manager at Washington Crossing Advisors. (Source: Bloomberg)
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  • Full Show: Bloomberg Daybreak: Americas (08/16)
  • Full Show: Surveillance (08/16)