EUR/CZK: A correction back to 24.250 should not be a problem – ING

The Central and Eastern Europe (CEE) region will remain interesting until the last moment of the year. Economists at ING analyze the outlook for the likes of Koruna, Forint and Zloty.

EUR/PLN remains trapped in the 4.68-70 band

“We see the Czech Koruna as the most vulnerable as it hit new lows against the Euro on Friday. A correction back to 24.250 EUR/CZK should thus not be a problem. On the other hand, we think the Hungarian Forint can still benefit from the progress in the EU story for a while and get below 405 EUR/HUF.”

“The Polish Zloty remains trapped in the 4.680-700 EUR/PLN band, and we see it rather on the upper side for this week.”