Regional currencies weaker across the board
The CNB to keep targeting the koruna until 2016
Regional currencies have been weaker across the board recently, though triggers for depreciations have been different. While the forint and the zloty does not like the recent global equity sell-off and specifically the Polish currency could be even more nervous because of poor July’s PMI figures (drop below the 50 level), the Czech koruna was hit by an outcome of yesterday’s CNB Bank Board Meeting.
Read the full report: FX Daily