Polish Zloty Hits 2010 Record High Versus Weakened Euro

  February 22nd, 2010 at 20:00, Jan Baros

Polish zlotyThe Polish currency started another week gaining versus the euro as the economic recovery in the country and in other regions around the world, specially in North America, is making traders to bet in the zloty regionally, considering the Eurozone current crisis.

After Polish officials affirmed that the country’s inflation may force the nation’s central bank to raise interest rates, the zloty gained versus the euro, hitting the highest level in more than a year, as the European single currency is still under the influence of the current budget crisis involving multiple countries in the Eurozone.

EUR/PLN closed at 3.9623 in the European session, from an opening rate of 3.9701.

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

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