Focus on PLN and TRY

Review China: Exports rose by 10% and imports rose by 14.1%. It was a surprise to the market that imports were so strong, as market expectations were 6%. This offers increased confidence that domestic demand and thus the upturn are on the right track. Growth in China for Q1 looks reasonable, which may offer a rebound in commodities and the risk appetite in general. Fitch downgrades rating of long-term debt from AA- to A+ Slovenia: After the agreement about a rescue package to Cyprus we have

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Focus on PLN and TRY

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