FX little changed, investors expect downturn longer term
(WorldNews Business)

BUDAPEST — Emerging European currencies were little changed on Friday in a slow trading day after second-quarter closing and ahead of a long holiday weekend in the United States, with longer-term expectations for a weaker market. As the region, like the rest of the world, grapples with economic recovery and a potential second wave of the novel coronavirus pandemic and an ensuing economic slowdown, investors are betting more weakening is plausible. “Doubts about maintaining the current pace of recovery will result in lower levels of (major currencies against the dollar),” Konrad Bialas, chief economist at Dom Maklerski TMS Brokers said in a note....