Zloty Appreciation To Lose Momentum By End-2009

July 2009
Emerging Europe Monitor: Central Europe & Baltic States;Jul2009, Vol. 16 Issue 7, p3
Country Report
The article predicts the market performance of the Polish zloty in 2009. The currency has started to recover against the euro appreciating at around 11% trading at PLN4.3590 against the euro on May 8, 2009. It is predicted that the currency will strengthen further in the short term as pressures will be more balanced over the medium term. Meanwhile, the National Bank of Poland, along with the Czech Republic and Hungary, announced its intention to address the weakness of the zloty.


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