Polish Zloty Falls To 8-day Low Against U.S. Dollar
July 05 2017 - 5:18AM
RTTF2
The Polish Zloty dropped against the U.S. dollar in the European
session on Wednesday, after the Poland central bank maintained its
record low interest rate, as widely expected.
The Monetary Policy Council of the National Bank of Poland
decided to hold the key reference rate at a record low 1.50
percent.
The lombard rate was retained at 2.50 percent and the deposit
rate at 0.50 percent. The rediscount rate was kept unchanged at
1.75 percent.
The Zloty fell to an 8-day low of 3.7564 against the greenback,
compared to yesterday's closing value of 3.7339. Continuation of
the Zloty's downtrend may see it challenging support around the 3.8
region.
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