20100327 - EURPLN, CHFPLN

The EURPLN chart does look quite bearish:

The CHFPLN seems to be regaining some points:

We should note the difference in strength between charts above. The EURPLN seems to be weaker than CHFPLN; unfortunately, it means there are bad news for polish immigrants and there are not good news for polish mortgage owners.

One reason of EURPLN weakness could be the Eurozone's rescue package for Greece (here, here or here).

Sources:
[http://www.independent.ie/business/irish/giving-greece-8364250m-sends-a-message-to-market-cowen-2114076.html]
[http://www.irishtimes.com/newspaper/opinion/2010/0327/1224267175344.html]
[http://www.bloomberg.com/apps/news?pid=20601085&sid=aK5Nfj0s1W2k]

No comments:

Post a Comment