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Forex - Poland, Hungary, Czech Republic FX Flows - Regional cross trades unwinding


 15:20 (GMT) 10 Mar

  [Forex Flows]

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Poland, Hungary, Czech Republic FX Flows - Regional cross trades unwinding (ITOC2001)

The price action is quite indicative but mkt contacts also confirm the flows, regional long legged PLN crosses are closing out, long PLN/CZK and PLN/HUF both unwinding following the Polish verbal intervention. A large German bank we are told offering EUR/HUF. GA


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