The Polish zloty fell today on the renewed concerns for the Europe’s fiscal condition and the ability to fight the budget deficits. For now the currency tries to regain its strength but encountered the resistance.
The Standard & Poorâs said that the downgrades of the credit rating most likely would continue as the deficits and the demographics put pressure on the finances. It looks like Ireland now added to the list of countries, which are causing strongest concerns.
USD/PLN traded near 2.9514 as of 11:38 GMT today after it opened at 2.9393 and advanced as high as 2.9727.
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