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PLN, HUF and RON: good week for EM currencies

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Polish Zloty (EUR/PLN) – back to 4.30 It was the week of the Fed. Interest rates were raised in the U.S by 25 bp for the first time in 9 years. Despite the fact that this move it was widely expected, it cause volatility on the markets. To be honest, I have expected the Fed will wait till new year with increasing the cost money. We got it for Christmas though. This proves that the U.S has recovered and that the economy is back on track. EM currencies reacted and most of them strongly

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