The zloty advanced today versus the euro after a GDP report showed that Poland was the only EU member country to dodge recession in 2009, bringing regional investors to inject capital betting in the resilience of the Eastern European nation.
After a gross domestic product report published today indicated a growth of 1.7 percent for the Polish economy last year, the zloty gained versus the euro and its neighboring countries currencies, as Poland’s dynamism to avoid a recession last year brought traders to buy assets in the country, specially now that some Eurozone members are impacting the euro’s outlook with their growing budget deficits.
EUR/PLN closed at 4.0795 from an opening rate of 4.0812.
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