Sunday 9 June 2013

Zloty Jumps as Polish Central Bank Buys on Market to Curb Swings - Bloomberg

"The zloty advanced the most in 10 months as Poland’s central bank sold foreign currencies on the market to curb volatility, which set a six-month high.
The central bank’s first market purchases since 2011 helped the zloty advance 1.7 percent to 4.2419 per euro at 7:57 p.m. in Warsaw, the biggest appreciation since Aug. 3, after slumping to a one-year low yesterday. It was the biggest gain among more than 170 currencies tracked by Bloomberg. The zloty’s three-month historic volatility jumped to 6.68 today, the highest since Dec. 4."

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