Improved risk sentiment helps the forint and the zloty
Hungary USD bond issuance attracts heavy demand
While the Czech koruna stays stable (and will for a longer time period) around the EUR/CZK 27.0 level, the Polish zloty together with the Hungarian forint benefited from improved global risk sentiment yesterday. Signs of ambitious economic reforms in China boosted the risk sentiment and as well prospects that under new Fed chairman Janet Yellen the expansive monetary policy won’t be changed soon supported risky assets in emerging markets.
Read the full report: FX Daily
KBC