5:00 14 November 2024
Złoty slides against dollar
The Polish złoty fell to a six-month low against the U.S. dollar, briefly touching PLN 4.11 on Wednesday. Analysts attribute the złoty's weakness partly to rising demand for the dollar, fueled by post-election market shifts and U.S. inflation data. Concerns about Poland’s growing current account deficit also weigh on the currency. In September 2024, the deficit hit PLN 6.1 billion, with exports down 6.5% year-over-year. Market volatility may persist, with pressure on the złoty linked to trade policy shifts and inflation forecasts in the U.S.
