CEE Foreign Exchange: Rating cut increases regional currency strain
ING Strategist Comments on CEE Asset Pressure Frantisek Taborsky, a strategist at ING, indicates that Moody’s recent downgrade of Poland to A3 intensifies pressure on Central and Eastern European (CEE) assets as the month progresses. High energy costs, a robust US dollar, and minimal advancements in the US-Iran conflict are contributing factors to ING’s bearish […]