Polonium

Thursday, November 26, 2009

Polish zloty set to appreciate


WARSAW, Nov 26 (Reuters) - Poland's zloty will probably be strengthening ahead, a member of the central bank's Monetary Policy Council (MPC) Jan Czekaj said on Thursday.

"It seems that the zloty will be showing a tendency to appreciate...the zloty is connected with growth. When the economy will be recovering, the zloty will be appreciating," Czekaj told TVN CNBC.
He added the zloty even at 3.8 against the euro would not be harmful for exports, compared with current levels of about 4.10.

http://www.reuters.com/article/hotStocksNews/idUSWAR01117020091126