Polish Retail Sales Fuel Zloty’s Rally
The Polish currency touched today its highest level in seven months versus the euro after a retail sales national report suggested that the country may be finding its way out of recession.
Retail sales published today in Poland indicated positive figures beyond analysts expectations, providing support for the Polish currency to climb versus the euro and the dollar in foreign-exchange markets as Poland is proving itself one of the most resilient countries economically wise in the region, attracting European and global investors to purchase assets in Warsaw.
EUR/PLN traded at 4.0825 as of 18:25 GMT from an opening price of 4.1038 today in Warsaw trading markets.
If you want to comment on the Polish zloty’s recent action or have any questions regarding this currency, please, feel free to reply below.
Earlier News About the Polish Zloty:
- German Unexpected Growth Improves Zloty Rally (2009-08-14)
- Polish Zloty Down as Rally May Halt Economic Growth (2009-08-11)
- Polish Zloty Climbs as Euro Entry May Start This Year (2009-07-09)
- Polish Zloty Hits 6-Month High Against Euro (2009-07-01)
- Poland Needs to Adopt Euro More Urgently (2008-08-13)
