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Forex Flash: PLN – CPI – TD Securities

FXstreet.com (London) - Marcin Budkiewicz of TD Securities research team informed that the CPI release had negligible effect on PLN performance, as PLN moved higher from 4.1800 to 4.1830 vs. He also highlighted that EUR after the data release remained stable vs. its EM peers. In the past week, he said that the PLN has been the worst performer within the EMFX space. He said that the move came in the wake of a prior PLN rally, which left the currency overvalued and exposed to corrections. His team expect to see further limited PLN weakness in Q2, with EUR/PLN at 4.21, and gradual appreciation to 4.04 in Q4 after the NBP easing cycle comes to an end.

Forex Flash: EUR driving forces become clearer by the day - BMO Capital Markets

Stephen Gallo, European Head of Currency Strategy at BMO Capital Markets notes that with each passing day, investors are receiving more clarity on the degree to which macro economic divergence and macro economic downside are the principal driving forces for the EUR at present.
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Forex: EUR/USD recovery capped by 1.2890

Even though the greenback lost momentum and gave up ground versus most competitors in the wake of disappointing indicators, the EUR/USD recovery attempt was short-lived.
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