The Polish zloty touches a 3-week high
The CNB should stay on hold
The Polish zloty strengthened to a 3-week high after EUR/PLN had broken below a 55-day moving average. Zloty´s exchange rate shift reflects moderate relief on domestic equity market and shows that the currency largely ignored dovish comments made by NBP´s Zeilinska-Glebocka, who believes that the pledge of unchanged rate can be easily extended till the end of the year.
Read the full report: FX Daily
KBC