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Last month, I made the argument that the Polish zloty would continue to see upside against the greenback.
The PLN/USD saw upside up until the 0.263 level – at which point the zloty began to retreat.
Source: investing.com
A significant reason for this has been due to strength in the greenback rather than weakness in the zloty. With October employment figures in the United States having been highly encouraging, the Federal Reserve decided that it would “pause” any further rate cuts after the most recent one – indicating that geopolitical tensions are not having as