Danske Bank is optimistic about currencies in European emerging markets in 2013. It expects the currencies to do well next year, as the BOJ and BOE are likely to take the lead from the Federal Reserve and step up monetary easing. Danske Bank sees emerging European central banks easing monetary policy further in 2013, as growth looks set to recover only slowly, inflationary pressures are not present and their currencies are likely to remain fairly strong. The bank says although monetary policy easing should eventually help the recovery to get underway in the region, a boom is not expected. EUR/PLN trades at 4.0724, EUR/HUF at 286.27 and EUR/CZK at 25.21.
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