Forex News

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 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:

• Polish Zloty Climbs on Country GDP (2010-01-28)
• Investment Agency Rating Pushes Polish Zloty Up (2010-01-09)
• Polish Zloty Rises on GDP Acceleration (2009-11-30)
• Polish Zloty Rallies on Central Bank Statements (2009-10-15)
• Polish Zloty Declines on Central Bank Concerns (2009-09-18)

This entry was posted on Friday, February 19th, 2010 at 10:16 pm and is filed under Polish Zloty. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.