Posts
"A two-speed recovery is under way in the European Union's emerging eastern economies, with Poland and the Czech Republic outpacing peers Hungary and Romania for now. Portfolio investors looking for higher yields in sluggish western economies are pouring into the region, but uncertainties remain, including battles over austerity and next year's budgets and the need for Germany's export boom to keep their recoveries alive."
AND: "Long seen as a safe haven, the Czech crown has led gainers this year, rising 7.6 percent against the euro versus 4 percent for Poland's zloty. But since last month, other currencies have outperformed. Hungary's forint has jumped 5.05 percent after a sharp fall in July."
