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EPOL - Poland's Economy Strong But Zloty Set To Remain Low
iShares Trust MSCI Poland
Last year, I made the argument that we could see the Polish zloty rise significantly against the euro.
The reasons for my argument were primarily based on the fact that rising growth forecasts in Poland along with potentially renewed demand for emerging market currencies could give a significant lift to the currency.
However, we can see that since late 2017, the zloty is down against a large majority of major currencies:
Source: investing.com
In spite of speculation last year that the greenback was ultimately hitting a ceiling, the currency has remained strong and this has