Tania Kotsos Quotations

Low inflation is bullish for bonds in Hungary and therefore for the forint. We could see some gains in the currency on anticipation of a lower-than expected inflation figure.

People were looking to sell the zloty as it's done very well and Balcerowicz provided an excuse to do so. Any uncertainty in Poland is always going to come from politics, providing reasons to sell the currency.

The rally we've seen in the rand has come squarely on the back of the rally we saw in the gold price.

I think there is a certain amount of leeway in the budget ... anything from here can only get better and the right rhetoric will be positive for the market.

The relationship between the rand and gold prices broke down this year. The main theme was the narrowing of the interest rate differential between South Africa and the U.S.

The main focus remains the coalition talks and the market still basically trusts that the two parties will come to some sort of a compromise.