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PLN, HUF and RON: Uneasy consolidation

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Polish Zloty (EUR/PLN) – no chance for PLN appreciation? When it seemed this week is going to be just interesting, the Bank of Japan decided to introduce negative interest rates at the same time keeping its QE program at the same level. Such move obviously has increased volatility on financial markets, which already has been high. The Zloty market though calmed although the PLN remains under pressure. After S&P’s Polish debt downgrade the previous week, this time the Fitch ratings agency

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