Share: PLN crumbling on the back of too-soon rate cut from Polish central bank. USD/PLN soaring to five-month highs as market punish Zloty. PNB Governor Glapinski accused of political manipulation ahead of bitter general election. The Polish Zloty (PLN) has plunged in value on the back of an unexpected rate cut from the
MARKET RECAP The U.S. dollar, as measured by the DXY index, retreated on Wednesday, dragged lower by falling rates in the wake of disappointing economic numbers. U.S. Treasury yields have begun to retrench in recent days, as softer-than-expected macro-related statistics have reduced the likelihood of additional monetary tightening by the Federal Reserve. Earlier this week,
