Real Estate /
Stronger zloty - potential driver for Poland's property market [42]
There's an expected weakening of the Euro aginst the dollar today when Draghi speaks at 12:30 ET
ecb.int/press/tvservices/webcast/html/webcast_130801.en.html
In whichever direction it does go it will be a good trend trade lasting for a couple of weeks when combined with US employment stats on Friday.
Plenty of countries want the French and German investment touting the steady Eurozone. The Zloty get stronger the jobs/exports will go to the desperate countries - Spain and Bulgaria & Romainia very soon. A strong Zloty certainly doesn't stretch EU funding either. Anyone trading EUR/PLN for long term gains is a bit nutty as would anyone buying the zloty while the rate is still bouncing at 4.2 for long term and even then there are easier pairs to make money off without having to gamble.
If I was to take an 'risk' I'd be going for 4.33 by the end of this month even though rumour is of Euro weakening today. But I don't gamble or guess with exotics. The pair is used by hedge funds with a very few purist currency speculators due to a very small stats base/ lack of info.