Tag Archives: PLN
Intervention risk on the rise and how to play it
Polish CPI and current account balance will be released today at 13:00. Inflation is expected to accelerate to 4.5% y/y in Nov. from 4.3%. Meanwhile, the current account balance should post another large deficit of EUR1.9bn in October.
SELL PLN? WE FEEL THAT’S THE WAY FWD
The recent turmoil in the financial markets has confirmed EMEA FX remains the weakest link in the EM space. In CEE, we see that the Polish zloty is one of the most sensitive currencies to global market headwinds. Valuation metrics suggests that the PLN is too strong and the structure of the balance of payments […]