SocGen Says Go Long RUB, PLN in Wake Of FOMC

Societe Generale recommends going long RUB and PLN, saying both currencies stand to benefit in the FOMC aftermath. "Russia is standing out from the rest of emerging markets thanks to the CBR action," says SocGen, referring to the central bank's decision Thursday to raise rates. In Poland, SocGen says the fundamentals and the central bank's approach during heightened volatility bode well for the currency there. SocGen recommends buying RUB against the basket, targeting 33.6800 with stops being triggered at 35.800. At the same time recommends selling USD/PLN, targeting 3.000 with stops at 3.1800. 

SocGen Says Go Long RUB, PLN in Wake Of FOMC

Find us on Google+