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Zloty and Forint Plunge to Record Lows, Shifting Focus to Rates

  • Polish currency breaks past psychological level of 5 per euro
  • Currency weakness boosts bets on bigger interest-rate hikes
A banner commemorating a new 20 Zloty banknote outside Poland's Central Bank. 

A banner commemorating a new 20 Zloty banknote outside Poland's Central Bank. 

Photographer: Piotr Malecki/Bloomberg
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Poland’s zloty and Hungary’s forint tumbled to record lows as fallout from Russia’s invasion of Ukraine spreads, shifting focus to how far central banks will raise interest rates this week.