Polish Zloty Down on European Confidence Decline

The Polish currency fell versus most of the main currencies from outside the European Union as the emerging budget problems in the region and an economic slow down among its trading partners decreased appetite for assets in the country.

After ZEW economic reports showed a decrease in investor confidence in Poland and most of the Eastern European EU members, the zloty decreased versus high-yielding currencies around the world and a more attractive U.S. dollar, since the economic recovery in North America is being faster than most countries in the European Union.

USD/PLN closed at 2.9630 from a previous close at 2.9284.

If you have any questions, comments or opinions regarding the Polish Zloty,
feel free to post them using the commentary form below.