Dollar Plunges To 6-day Low Against Polish Zloty

In New York deals on Wednesday, the US dollar showed weakness against the Polish zloty. The US currency that was worth 2.9243 against the zloty at Tuesday's New York close, slipped to a 6-day low of 2.8966 by about 12:45 pm ET. At present, the greenback-zloty pair is worth 2.9018.

Wednesday, Poland's central bank kept its key policy rate unchanged for the sixth consecutive month in December. The rate decision was in line with economists' expectations.

The National Bank of Poland retained the reference rate at 3.50% on an annual basis. In June 24, the central bank had lowered its interest rate by 25 basis points from 3.75%.

The National Bank of Poland also maintained its lombard rate at 5%, deposit rate at 2% and rediscount rate at 3.75%.

Wednesday, Poland's Central Statistical Office announced that the retail sales increased 6.3% year-on-year in November, faster than the 2.1% growth in the previous month. Economists expected an increase of 5.5%. A year earlier, retail sales were up 3%.

In November, retail sales for motor vehicles,motorcycles, parts climbed 8.2% on an annual basis, while retail sales for food, beverages and tobacco products climbed 11.6%. Textile, clothing and footwear sales were up 1.5%.

US Dollar vs PLN (FX:USDPLN)
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