“The Polish zloty traded near its strongest level against the euro since the start of 2020 amid bets on further tight monetary policy in the country and hopes for a less disruptive second term for US President-elect Donald Trump for emerging market assets.”, — write: epravda.com.ua
The Polish zloty traded near its strongest level against the euro since the start of 2020 amid bets on further restrictive monetary policy in the country and hopes for a less disruptive second term for US President-elect Donald Trump for emerging market assets, Bloomberg reports. The zloty briefly touched a nearly five-year high on Monday in light trade as local markets were closed for the weekend. The zloty rose 0.1% to trade at 4.2515 per euro.Advertisement: The Polish currency has gained 2.6% since the start of November as the country’s central bank turned more hawkish and Governor Adam Glapinski expects no interest rate cuts until 2026 In addition, sentiment toward riskier assets improved on hopes that Trump would not impose tariffs on goods from of the European Union on the scale previously predicted, although he tried to downplay such speculation.