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The Polish zloty weakened following a three-day advance after BHP Billiton Ltd. (BHP) said China’s steel production is slowing.
The zloty retreated 0.7 percent to 4.1366 per euro as of 11:54 a.m. in Warsaw for the second-steepest decline among 25 emerging-market currencies tracked by Bloomberg.
China, the world’s biggest energy consumer and steelmaker, is raising fuel prices for the second time in less than six weeks. The nation’s vehicle sales may miss industry forecasts this year as economic growth slows, an official from the China Association of Automobile Manufacturers said.
The reports follow data from the Polish statistics office yesterday that showed industrial output grew 4.6 percent in February, missing the 8.8 percent median estimate in a Bloomberg survey of 24 economists.
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