EUR/PLN took a rebound from 4.20

17.06.2013 17:23|Conotoxia.com

Author: biznes.onet.pl
Address: http://biznes.onet.pl/eurpln-odbija-sie-od-oporu-na-420
Date: 17.05.2013

Week’s summary: Since this week’s beginning, the EUR/USD has been looking for a reason to go below the 1.3000 level. This reason came on Wednesday – due to negative GDP readings from Europe, this pair was pushed to the level of 1.2850. The zloty also wasn’t resistant to the overvalue and was near the 4.2000 level. Eventually, the Polish currency has ended this week at 4.1700, thanks to the return of a positive sentiment in the local debt market.

Marcin Lipka, Cinkciarz.pl analyst

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