Polish zloty at one-year low. Czech industry stabilizes.
Polish zloty hit its one-year low and moved above 4.30 EUR/PLN for a while. The Wednesday´s decision of NBP to cut interest rates to new historical lows obviously weighed on the market. Governor Belka signalled that the easing cycle would continue depending on the incoming data. Opened easing options are clearly negative for the Polish currency.
Read the full report: FX Daily
KBC