Emerging-market currencies are steady, with the Hungarian forint and the Polish zloty trading comfortably within the day's range without any major swings. This is despite the sharp selloff seen in the euro, which extended losses overnight to a 22-month low against the dollar to trade as low as 1.2515. Nordic currencies are steadily ticking higher against the single currency, with the Norwegian krone now trading at its strongest level since March 14 and the Swedish krona trading at a 10-day high. The South African rand will be closely watched, as the country's central bank will hold its rate decision at 1300 GMT. EUR/HUF trades at 302.01, EUR/PLN at 4.3696, EUR/NOK at 7.5420 and EUR/SEK at 9.0040. USD/ZAR is at 8.4108.
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