Polish Zloty Tumbles To 1-week Low Against Greenback
28 10월 2010 - 3:49AM
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Against its US counterpart, the Polish zloty traded lower
further after the announcement of Polish central bank's interest
rate decision in New York trading on Wednesday. Polish central bank
decided to maintain the benchmark policy rate at 3.5% at the end of
its two-day rate-setting session today.
The central bank retained the rate for a sixteenth consecutive
meeting and the decision was in line with economists' expectations.
The monetary council simultaneously announced its decision to
increase the reserve ratio by 0.50 points to 3.50%.
The zloty, which closed Tuesday's New York session at 2.8130
versus the greenback, dropped to a 1-week low of 2.8880 by about
1:45 pm ET. Presently, the pair is trading near 2.8795.
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