KBC Market Research Desk
KBC Bank
Weekly Highlights:
Swiss shocking departure from its intervention policy triggers abrupt volatility to regional FX markets
Deflation in Hungary and Poland deepens
In Focus: Expensive CHF: A problem for Poland rather than Hungary
Chart of the Week: FX reaction CHF floating
The Polish zloty fell against the euro after the Swiss National Bank surprised markets last week.
This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.
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XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
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After the US close, it’s the Tokyo CPI
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