BLBG:Polish Zloty’s Weekly Decline Against Euro the Worst in 15 Months on Risk
Poland’s zloty slid the most in 15 months against the euro this week as investors ditched riskier assets worldwide amid concern the global economic recovery is faltering and as Europe’s debt crisis deepened.
The zloty has lost 2.7 percent this week, set for its biggest five-day slump since May 2010. It strengthened 0.4 percent to 4.1486 at 10:42 a.m. in Warsaw. Against the Swiss franc, the Polish currency gained for a second day, adding 2.6 percent to 3.7639 and paring this week’s loss to 2.1 percent.
To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net
To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net
