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PLN, HUF and RON: tough beginning of 2016 for EM currencies

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Polish Zloty (EUR/PLN) – How high it can go? China. That one word is on the main topic among global traders. Dramatic declines of Chinese equities (due to fears the economy will slow down) caused major global indices to fall and increased volatility on all asset classes. EM currencies were hit pretty hard and none of them sustained the increase of risk aversion. In Poland we have additional factors that are depreciating the Zloty. Foreign investors take into account increased political risk in

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