Polish Zloty Rises on GDP Acceleration
The Polish currency gained today versus several currencies in the region and the U.S. dollar as GDP figures fort the third quarter beat forecasts, setting the confidence towards the Polish economic recovery to higher levels.
The Polish economy grew 1.7 percent in the past quarter started in September, surprising analysts that suggested a 1.5 growth for the same period, helping the zloty to advance versus regional currencies like the Hungarian forint, but also the yen and the U.S. dollar, since those were affected by a return of risk appetite i financial markets today.
USD/PLN traded at 2.7795 as of 19:07 GMT from an opening rate of 2.7680.
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Earlier News About the Polish Zloty:
- Polish Zloty Rallies on Central Bank Statements (2009-10-15)
- Polish Zloty Declines on Central Bank Concerns (2009-09-18)
- Polish Zloty Declines After Bond Sale Fiasco (2009-09-09)
- Poland's Economic Outlook Provide Support for Zloty (2009-08-29)
- Polish Retail Sales Fuel Zloty's Rally (2009-08-25)