PLN, HUF and RON: EM currencies still under pressure

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Polish Zloty (EUR/PLN) – Higher and higher… It was a tough week for the Zloty. Not only the global situation on financial markets is volatile and risk aversion has increased. Also, local factors are more and more important for foreign traders. This past week, the European Commission stated it will be monitoring Poland’s rule of law. This is an unprecedented move and it’s the effect of the turmoil around the Constitutional Court (the ruling party, Law and Justice, appointing only their

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