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EPOL - Polish Zloty Could See Strong Long-Term Growth
iShares Trust MSCI Poland
Last month, I argued that the Polish zloty is set to remain at low levels in spite of strong economic performance in Poland.
The primary reason I put forward this argument was due to the fact that emerging market currencies have not seen much demand due to the strength of the greenback, and a rate rise in Poland is not due until 2020. Even so, a risk-off environment would mean that rate rises would have little effect in pushing the currency higher.
However, we can see that the zloty has appreciated significantly against both the