EUR/PLN Breaks Above 4.290 on NBP Dovishness, ING Says
ING analyst Frantisek Taborsky notes persistent Polish Zloty weakness as EUR/PLN rises above its prior range toward 4.290, citing the National Bank of Poland's dovish stance and global risk-off sentiment.
EURPLN
The Polish Zloty continues to underperform against its Central and Eastern European peers, with EUR/PLN breaking above its previous range to approach 4.290, according to ING's Frantisek Taborsky.
The analyst attributes the Zloty's vulnerability to the National Bank of Poland's (NBP) dovish monetary policy stance, which contrasts with tighter policies elsewhere in the region. Global risk-off sentiment is also weighing on the currency.
Source: FXStreet Forex News