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Forex News: Polish Zloty Weakens To 2-day Low Versus U.S.

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

01/11/2017 - 08:13:00 (RTTNews)

(RTTNews) - 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.

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