Bloomberg News

Zloty Erases Drop Versus Euro, Gains as China Cuts Reserve Ratio

November 30, 2011

Nov. 30 (Bloomberg) -- The Polish zloty advanced from its weakest level in 29 months after China cut the amount of cash banks must set aside as reserves for the first time since 2008.

The zloty jumped 0.3 percent to 4.5199 per euro as of 12:47 p.m. in Warsaw. The currency weakened to the lowest since June 2009 earlier today.

--Editors: Linda Shen, 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


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus