Poland’s Current Account Deficit Weakens Zloty

The Polish zloty weakened today as Poland’s current account deficit surged. The currency is expected to depreciate further.
Poland’s current account deficit almost doubled in December from a year ago as the accelerating economic growth increased consumption. BNP Paribas predicted that EUR/PLN may continue to rise, but it’s required to break through the resistance level of 3.94 to post significant gains.
USD/PLN rose from 2.8940 to 2.9222 as of 11:42 GMT, while EUR/PLN rallied from 3.9179 to 3.9363.

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