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25 Mar 2020

EUR/PLN: Hikers will resume their ascend towards the summit at 5.00 – Rabobank

EUR/PLN has entered a consolidation phase with corrective pullbacks likely to run into a strong support formed by previous annual highs around 4.54/4.50, as noted by economists at Rabobank.

Key quotes

“It would require a much sharper pullback below 4.40 to abandon the bullish view on EUR/PLN currently supported by the notion that Poland faces a recession.”

“The hikers are building yet another base camp, but in the near-term they will resume their ascend towards the summit at around 5.00.”

 

Mar 25, 2020

USD/TRY: Larger correction below 6.40 – Rabobank

A corrective pullback in USD/TRY has reached the initial pivot around 6.40, as analysts at Rabobank notes. Key quotes “A break lower of the 6.40 mark
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Mar 25, 2020

USD/MXN drops for the second day in a row as Mexican peso strengthens

The USD/MXN continues to correct lower. On Wednesday during the European session bottomed at 24.21, the lowest level since Friday. It then rebounded f
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