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PLN, HUF and RON: EM currencies on the rise

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Polish Zloty (EUR/PLN) – Zloty strongest since January The Zloty market has stabilized and seems the corrective movement has extended. The Polish currency kept gaining in value as the global situation calmed down and due to rather strong local macro data publications. GDP in the fourth quarter of 2015 grew by 3.7% (lower than the preliminary reading of 3.9% but still strong). At the same time, the industrial PMI increased to 52.8 points in February (much better than expectations). Despite the

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