Polish political crisis drags on
While the koruna and the zloty barely moved on Friday, the Polish zloty remained under selling pressure and lost about 0.5 % against the euro. Once again, the scandal about leaked conversation between two prominent state officials played the key role in pushing the zloty as high as to EUR/PLN 4.17 (the one-month low). Moreover, Polish government bonds have also stayed under pressure and the 10- year government bond yield rose by 16 basis points on Friday.
Read the full report: FX Daily