ING: Zloty Most Vulnerable Among CEE FX in Risk-Off
ING analyst Frantisek Taborsky says Central and Eastern European FX is driven by global headlines and hawkish US repricing, with local data having limited impact. The Polish zloty is seen as most vulnerable in a risk-off environment.
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ING's Frantisek Taborsky notes that Central and Eastern European (CEE) foreign exchange markets remain primarily driven by global headlines and the ongoing repricing of hawkish US monetary policy. Local economic data has only a limited impact on currency movements.
Among regional currencies, the Polish zloty is considered the most vulnerable to a risk-off shift, according to Taborsky. The assessment comes as global risk sentiment continues to weigh on emerging market assets.
Source: FXStreet Forex News