The Polish zloty advanced today, gaining for the third straight trading session, as Forex market participants expect the nation’s central bank to take actions to support the depreciating currency.
Polish Złoty PLN
Detailed information and fundamental factors
Central Bank: National Bank of Poland
Interest Rate: 4.50%
Public Debt to GDP Ratio, 2010: 52.8%
Trade Balance, 2010: -$11.4 bln.
Inflation, 2010: 2.6%
Supporting Factors
High-yielding interest rates
weak
Factors of Weakness
Dependence on the eurozone
Polish Zloty News Archive
Zloty Gains as Traders Expect Intervention from Central Bank
December 28th, 2011 at 12:16
Polish Zloty
Polish Central Bank Keeps Rates High to Support Zloty
December 07th, 2011 at 16:19
Polish Zloty
Poland’s central bank maintained its key interest rate at the highest level in almost three years as the nation’s currency declined after the European debt crisis deterred investors from buying riskier currencies of emerging markets.
Poland’s Current Account Deficit Weakens Zloty
The Polish zloty weakened today as Poland’s current account deficit surged. The currency is expected to depreciate further.
Zloty Rise as Policy Makers Signal About Higher Interest Rates
January 11th, 2011 at 15:34
Polish Zloty
The Polish zloty rose today after four days of declines after the policy makers signaled about the possible increases of the interest rates and as Japan’s announcement of buying of the European bonds improved the market sentiment.
Zloty Drops After Rally on Anticipation of Interest Rates Hike
January 07th, 2011 at 15:23
Polish Zloty
The Polish zloty dropped today for the third day after it surged at the beginning of this week, causing the speculation that the currency is overbought.
Polish Zloty Rebounds as Inflation Reaches 11-Month Record
January 03rd, 2011 at 15:00
Polish Zloty
The Polish zloty traded near the opening level today after the initial decline as the inflation climbed to the highest level in 11 months, according to the government’s estimates.
Zloty Appreciates as BGK Sells Euros
December 30th, 2010 at 12:52
Polish Zloty
The Polish zloty headed to the weekly gain today on the speculation that the state-owned Bank Gospodarstwa Krajowego sold the euros, boosting the Polish currency.
Polish Zloty Falls on European Debt & Fitch Statement
November 26th, 2010 at 14:03
Polish Zloty
The Polish zloty tumbled today on the increasing concerns about the European sovereign-debt and as the Fitch Ratings requested the country to decrease its deficit.
Concerns for Europe’s Economy Make Zloty Weaker
The Polish zloty fell today on the renewed concerns for the Europe’s fiscal condition and the ability to fight the budget deficits. For now the currency tries to regain its strength but encountered the resistance.
Zloty Rise vs. Euro as Economic Growth May Cause Rates Hike
July 28th, 2010 at 21:57
Polish Zloty
The Polish zloty extended its rally for the eighth consecutive day against the euro as the estimates of the Economy Ministry showed that the economy grew with the increasing pace, igniting the speculation that the central bank may raise the interest rates. The Polish currency dropped against the U.S. dollar slightly.
