TMS Daily FX Commentary

On Tuesday, the zloty went down in the morning due to information coming out of the foreign office. But then the mood got better and we saw a figure of 1.7% below parity in the afternoon. At the close, the levels were 4.72 against the euro and 3.91 against the US$. Marek Belka, the President's candidate for Prime Minister, will meet with the Democratic Left Alliance (SLD) on Wednesday and investors will closely follow the results of the meeting. However, in our opinion, there will be no considerable changes on the market. www.tms.pl