Investment Agency Rating Pushes Polish Zloty Up

The Polish currency advanced today in foreign-exchange markets as Pimco speculates that 2010 will allow several emerging markets to outperform other investments, favoring the zloty in this Friday’s trading session.
The zloty benefited from statements coming from the largest bond fund in the world, Pacific Investment Management Co., which predicted better returns in 2010 for zloty-priced assets, as well as investments in Mexico and South Korea, helping their currencies to rally as well.
EUR/PLN declined in the week comparison despite 4 days of consecutive gains before this Friday when it closed at 4.0688.

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