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24 Mar 2016
EUR/PLN points to rangebound in the short-term – Danske Bank
Jakob Christensen, Head of EM Research at Danske Bank, expects the Polish Zloty to trade in a consolidative fashion in the next 1-3 months.
Key Quotes
“We expect EUR/PLN to range trade around 4.30 in 1M-3M”.
“On 6M and 12M horizons we expect the PLN to strengthen to 4.22 and 4.15, respectively, as we believe strong economic fundamentals will continue to support the PLN and as political uncertainty dissipates and the global environment improves”.
Key Quotes
“We expect EUR/PLN to range trade around 4.30 in 1M-3M”.
“On 6M and 12M horizons we expect the PLN to strengthen to 4.22 and 4.15, respectively, as we believe strong economic fundamentals will continue to support the PLN and as political uncertainty dissipates and the global environment improves”.