Bloomberg News

Zloty to Gain on Koruna on Central Bank, Election, SocGen Says

October 10, 2011

Oct. 10 (Bloomberg) -- The zloty may strengthen versus the Czech koruna as the Polish currency will benefit from central bank support and the governing party’s election victory yesterday, Societe Generale SA said.

Investors should buy the zloty at 5.7050 koruna in anticipation that the Polish currency will gain to 5.9200, Guillaume Salomon and Jaroslaw Janecki wrote in an e-mailed note.

--Editor: Peter Branton

To contact the reporter on this story: Piotr Skolimowski in Warsaw at pskolimowski@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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