logo
  

Polish Zloty Weakens To 2-day Low Versus U.S. Dollar

The Polish Zloty declined against the U.S. dollar in the European session on Wednesday, amid broad-based dollar strength across the board, and after the Poland central bank decided to maintain its key interest rate at a record low.

The decision was in line with economists' expectations.

The Monetary Policy Council of the National Bank of Poland decided to keep the key reference rate unchanged at a record low 1.50 percent.

The Polish Zloty dropped to a 2-day low of 4.16 against the U.S. dollar, compared to Tuesday's closing value of 4.14. Continuation of the Zloty's downtrend may see it finding support around the 4.25 zone.

For comments and feedback contact: editorial@rttnews.com

Forex News

Major central banks, led by the U.S. Fed, dominated the economics scene this week with some delivering histroic shifts. In the U.S., the Fed was in focus as Chair Jerome Powell announced the latest policy decision and forward guidance. In Asia, all eyes were on the Bank of Japan as markets waited to see if the central bank would exit its ultra loose monetary policy. Find out how the Swiss central bank gave a surprise in Europe and learn what is the path ahead for U.K. interest rates.

View More Videos
Follow RTT