Polish Zloty Down on European Confidence Decline

Polish zlotyThe 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 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:


Leave a Reply


Searching for a proper Forex broker? See the list of recommended Forex brokers. Don't show me this offer ×