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EPOL - Polish Zloty: Risk-Off Sentiment Could Mean Downside Against Greenback
iShares Trust MSCI Poland
Last month, I made the argument that the Polish zloty could see further growth over the medium to long term, owing to renewed quantitative easing by the Federal Reserve and ECB.
With this being said, we can see that the zloty has seen a sharper fall than the euro against the greenback in the past month:
Source: investing.com
With China now having weakened the yuan in response to proposed tariffs by the United States, the stock market has been declining further.
The euro has failed to breach the 1.25 level against the greenback in the