CEE Market Insights

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Market outlook

Currencies showed a mixed performance in CEE last week. The Polish zloty pared earlier losses, as investors seem to have swallowed the corruption scandal to some extent. Currently, the EURPLN is close to our forecast. In Hungary, however, the currency started weakening towards the end of the week vs. the euro, after a quite stable performance earlier. The Czech koruna continued to stay relatively weak vs. the euro; we think that, next year, there is room for appreciation of the CZK.