Dovish NBP stance pressures Polish Zloty against Euro, ING says

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A dovish stance from the National Bank of Poland and market expectations of future rate cuts are weighing on the Polish Zloty, according to ING strategist Frantisek Taborsky. ING’s models indicate the EUR/PLN exchange rate is moving closer to 4.340. Central and Eastern European currencies are expected to be driven by secondary data and policy expectations.

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