Sell-off on bond markets hits forint and zloty
Poland plans energy cuts
Central European FX markets have not seen major fluctuations since mid-May. The Polish zloty together with the Hungarian forint follow a weakening trend, while the Czech koruna plays the role of a safe haven. Yesterday´s trading has confirmed this basic pattern. With missing regional stimuli, the forint eased and shortly even broke through the technical barrier of 300 EUR/HUF. Also the zloty went north, nevertheless it failed to reach 4.30 EUR/PLN, the level at which the NBP had intervened last Friday.
Read the full report: FX Daily
KBC