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Correlation between CEE currencies not to vanish

Posted on 06 March 2009

From Portfolio.hu: Correlation between Central and Eastern European currencies is expected to remain tight in the months to come, while there have been signs over the past days that Hungary’s forint was separated from the others, a Reuters poll showed on Thursday.

According to the consensus of estimates, though the EU’s main emerging currencies should recover from steep losses only in more than six months’ time. The analysts and strategists said the deepening global crisis would continue to put the entire region under pressure….. Full Article: Source


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