Polish Zloty Climbs as Euro Entry May Start This Year

The Polish zloty, which have severely devalued versus the Eurozone currency when the global slump struck Europe last year, rose today as Polish government affirmed that the euro entry process may start this year for the Eastern European Nation.

The Polish Finance Minister Jacek Rostowski stated today in an interview given to Gazeta Prawna that the zloty may be stable enough during this year’s second semester to start the euro admission process, immediately reflecting on the Polish currency price, which also rallied supported by a rebound in risk appetite this Thursday, making investors to purchase high-yielding currencies like the Australian dollar and the Brazilian real.

EUR/PLN traded at 4.3503 falling from a previous rate of 4.4242.

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