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Polish Zloty seen stronger in a year’s view – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - Jakob Christensen, Head of EM Research at Danske Bank, expects the Polish currency to gather further traction in the longer run.

    Key Quotes

    “Uncertainty about future monetary policy and relations with the EU will continue to weigh on the PLN over the next couple of months”.

    “As a result we lift our forecasts for EUR/PLN to 4.48 in 1M and 4.40 in 3M. On 6M and 12M horizons, we expect the PLN to strengthen to 4.30 and 4.15, respectively, as we believe strong economic fundamentals will increasingly come to the forefront, while political uncertainty dissipates and the global environment improves”.
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