Monday, June 11, 2007

Polish Zloty Declines Versus Euro as Investor Appetite for Risk Dwindles

(Bloomberg) -- Poland's zloty fell against the euro
as a pick-up in inflation and accelerating economic growth fueled
speculation global central banks will boost interest rates,
eroding the attractiveness of emerging-market assets.

The zloty lost 0.7 percent last week against the euro,
declining to a two-month low, as concerns over higher global
borrowing costs triggered a sell-off in the bond market that
brought emerging market currencies down.


Read more at Bloomberg Currencies News

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