Polish Zloty At New 5-week High Versus U.S. Dollar
The Polish Zloty firmed against the U.S. dollar in European
trading on Wednesday, after the Polish central bank held interest
rates unchanged at a record low, as expected.
The monetary policy council kept the benchmark interest rate at
a record low of 1.5 percent, the bank said in a statement. The rate
has been on hold since March 2015.
The Polish Zloty spiked up to 3.8040 versus the greenback, its
strongest since May 3. The Polish currency is seen finding
resistance around the 3.7 zone. The pair was worth 3.8284 when it
ended Tuesday's trading.
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