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PLN, HUF and RON: PLN among worst performers, HUF and RON fighting

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Polish Zloty (EUR/PLN) – 4.50 reached What a week on the Zloty market. It all started on the late evening last Friday, when the S&P agency lowered Polish debt rating (denominated in foreign currency) to BBB+ (from A-) and changed its perspective to negative. At the same time, Fitch kept its rating unchanged. S&P’s decision came as a big surprise and this past week we could see the reaction on the PLN market. The agency justified its decision by stating that the changes the government

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