Intraday Analysis from FXMarketAlerts.com
Receive FREE Weekly Strategies.Published at 13:41 (GMT) 09 Mar
More FX comments from the MPC, this time rate setter Rzonca says on as Reuters panel discussion: "It is very important that we avoid zloty appreciation. The strong zloty appreciation phenomenon that we have seen over the last two weeks is a phenomenon that I hope will stop". Again, very strong wording, a very explicit time horizon - underlying that the NBP is getting more and more edgy about the strong zloty. Not that this should be a big surprise - we warned about this eventuality on 7 Dec (search 'time bomb ticking' on the product) and more recently on 8 Feb (search 'Changing rhetoric'). GA








