Emerging market economies are expected to remain under pressure for some time and the zloty will continue to trade on a weaker side.
The zloty has continued to be under pressure as sell-off on the Polish bond market has not stopped yet. Moreover, the zloty remains the most vulnerable regional currency to negative spill-over effects from other emerging markets. As concerns the technical picture, the EUR/PLN could try to test the 4.50 resistance, KBC Central European Daily reported.
In this respect the ongoing risk-off mode in emerging markets’ universe might easily extend until the December, when there is series of important events, namely, the Italian referendum on a constitutional reform, scheduled on December 4, the monetary policy meeting of the European Central Bank on December 8 and the Federal Reserve Open Committee meeting on December 14.


Asian Currencies Slip as Stronger US Dollar, Iran Tensions Pressure Regional FX
Chinese Chip Stocks Jump as Apple Reportedly Tests CXMT Memory Chips for China Devices
European Stocks Hold Steady as Consumer Shares Rise, AI Tech Selloff Weighs on Markets
US Back-to-School Spending Seen Falling as Families Focus on Essentials
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
US Stock Futures Steady as US-Iran Tensions and Fed Inflation Concerns Weigh on Markets
South Korea’s KOSPI Plunges as Samsung, AI Chip Stocks Trigger Market Sell-Off
Cuba Power Grid Collapse Triggers Nationwide Blackout Amid Deepening Energy Crisis
Iran Targets U.S. Bases in Bahrain, Kuwait as Hormuz Conflict Escalates and Oil Prices Jump
Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate
Asian Stocks Slip as AI Chip Valuation Fears, Rising Oil Prices Weigh on Markets 



