TMS FX Commentary

However, in the late afternoon, the Polish currency went up, largely as a result of the Finance Ministry selling euros from its eurobonds. The zloty ended at 4.72 and 3.87, 1.35% below the old parity. In our opinion, there will be no significant changes on Wednesday. The euro went up against the US$. While investors are waiting for the outcome of the ECB meeting, nearly all analysts believe there will be no basic rate changes. http://www.tms.pl