Bank of America COR waits for weakening of currencies Turkey, Poland and Hungary because of oil rise in price

According to strategists of Bank of America COR, the rise in prices for oil probably will raise volatility, and currencies of emerging markets hardly will succeed on such background, considering that the countries of the region of EEMEA are oil net importers. They expect weakening of currencies Turkey, Poland and Hungary. Decrease in rates in October in combination with strengthening of dollar has to lead to weakening of the Polish zloty in the rest of year, wrote in a note strategists banks, including Liluashvili Mikhail. They expect that the currency will fall to 4,70 this year and to 4,80 in the first quarter of the next year in relation to euro. Bank of America COR...