Bloomberg News

Zloty Extends Drop Versus Euro After German Factory Orders Fall

November 07, 2011

Nov. 4 (Bloomberg) -- The Polish zloty extended its decline against the euro after a report showed German factory orders unexpectedly plunged in September.

The zloty lost 0.4 percent to 4.3528 per euro as of 12:08 p.m. in Warsaw. German September factory orders, adjusted for seasonal swings and inflation, fell 4.3 percent from August, when they dropped 1.4 percent, the Economy Ministry in Berlin said in a statement today. Germany is Poland’s biggest export market.

--Editor: Alan Purkiss

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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