EUR/PLN to settle below 4.34 – ING
|The Polish Zloty (PLN) has suffered in recent days. Economists at ING analyze PLN outlook.
PLN is now the only currency in the CEE region supported by higher rates
PLN is now the only currency in the CEE region supported by higher rates. On the other hand, heavy long positioning in the FX market will be a problem for bigger gains.
For now, we expect EUR/PLN to settle below 4.34 and we'll see how much the market takes back the dovish bets built in the last few days.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.